MCG Capital Turns To Profit In Q4 - Quick Facts

(RTTNews) - MCG Capital Corp. (MCGC), a commercial finance company, Monday posted fourth-quarter net income of $2.1 million or $0.05 per share, compared to net loss of $18.4 million or $0.26 per share in the prior year period.

Net operating income before net investment loss and income tax provision was $755 thousand or $0.02 per share, compared to income of $6.3 million or $0.09 per share in the previous year period.

Total revenue for the latest quarter was $2.28 million, down from $11.18 million in the comparable quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report $0.00 per share on revenue of $2.03 million for the quarter. Analysts' estimates typically exclude special items.