Oaktree Strategic Income posts 4Q loss

LOS ANGELES (AP) — Oaktree Strategic Income Corp. on Friday reported a fiscal fourth-quarter loss of $14.5 million, after reporting a profit in the same period a year earlier.

The Los Angeles-based company said it had a loss of 49 cents per share. Earnings, adjusted for investment costs, were 19 cents per share.

The specialty finance company posted revenue of $11.8 million in the period.

For the year, the company reported that its loss widened to $8.8 million, or 30 cents per share. Revenue was reported as $46.6 million.

Oaktree Strategic Income shares have dropped roughly 4 percent since the beginning of the year. The stock has fallen roughly 9 percent in the last 12 months.

_____

Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OCSI at https://www.zacks.com/ap/OCSI

_____

This story has been corrected to show that the company changed its name to Oaktree Strategic Income Corp. and relocated to Los Angeles from Greenwich, Connecticut.

Places in this Story