NEW YORK (AP) _ SLR Investment Corp. (SLRC) on Wednesday reported first-quarter net income of $21.5 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the New York-based company said it had profit of 51 cents. Earnings, adjusted for investment gains, came to 37 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.

The business development company posted revenue of $35.9 million in the period.

SLR Investment shares have increased 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.59, an increase of 31% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SLRC at https://www.zacks.com/ap/SLRC