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Gladstone Investment: Q2 Earnings Insights

Benzinga Insights
·1 min read

Shares of Gladstone Investment (NASDAQ:GAIN) were flat in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 34.78% over the past year to $0.15, which beat the estimate of $0.13.

Revenue of $11,840,000 declined by 28.83% year over year, which beat the estimate of $11,220,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

View more earnings on GAIN

Revenue guidance hasn't been issued by the company for now.

Technicals

Company's 52-week high was at $15.34

Company's 52-week low was at $6.43

Price action over last quarter: down 9.03%

Company Description

Gladstone Investment Corp is a business development company. The company's investment objective is to invest in achieve and grow current income by investing in debt securities of established businesses that will provide stable earnings and cash flow, and provide its stockholders with long-term capital appreciation by investing in equity securities. The company's investment sectors include Business service/distribution, Consumer products, and manufacturing. Its portfolio consists of following industries Conglomerate Services, Home and Office Furnishings, Housewares, Durable Consumer Products, Leisure, Motion Pictures, Entertainment, Conglomerate Manufacturing, Chemicals, Telecommunications, Aerospace and Defense, and others. Its investment activities are carried across the United States.

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