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Goldman Sachs BDC: 2Q Earnings Snapshot

NEW YORK (AP) _ Goldman Sachs BDC Inc. (GSBD) on Thursday reported second-quarter earnings of $16.1 million.

The New York-based company said it had profit of 40 cents per share. Earnings, adjusted for investment costs, came to 47 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.

The specialty finance company posted revenue of $38.4 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $37.8 million.

Goldman Sachs BDC shares have increased 8.5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $19.94, a drop of 5.5% in the last 12 months.


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