Prospect Capital Corp, a closed-end investment company, reported a lower-than-expected net investment income for the fourth quarter, hit by a 27 percent drop in interest income.
Net investment income for the quarter ended June 30, was $12 million, or 32 cents a share, compared with $13.7 million, or 50 cents a share, last year.
Analysts were expecting earnings of 36 cents a share, according to Reuters Estimates.
Total interest income was $12.1 million during the quarter, down from $16.5 million a year ago.
Prospect Capital expects first-quarter net investment income between 25 cents and 30 cents a share.
The company, which said in August it would buy Patriot Capital Funding Inc (PCAP.O) for $197 million, expects the deal to add to quarterly net investment income by at least 9 to 10 cents per share.
Shares of the company were down 3 percent to $10.11 in pre-market trade Monday. (Reporting by Brenton Cordeiro in Bangalore; Editing by Ratul Ray Chaudhuri)