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New Mountain: 1Q Earnings Snapshot

NEW YORK (AP) _ New Mountain Finance Corp. (NMFC) on Monday reported first-quarter earnings of $43.9 million.

On a per-share basis, the New York-based company said it had profit of 49 cents. Earnings, adjusted for investment gains, came to 34 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.

The business development company posted revenue of $64.2 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $62.8 million.

New Mountain shares have climbed 12% since the beginning of the year. In the final minutes of trading on Monday, shares hit $14.15, a climb of 4% 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 NMFC at https://www.zacks.com/ap/NMFC