U.S. Markets closed

Newtek: 2Q Earnings Snapshot

LAKE SUCCESS, N.Y. (AP) _ Newtek Business Services Inc. (NEWT) on Tuesday reported second-quarter net income of $8.7 million.

The Lake Success, New York-based company said it had net income of 45 cents per share. Earnings, adjusted for investment costs, were 57 cents per share.

The provider of financial and business services to small-and medium-sized business posted revenue of $14.1 million in the period.

Newtek shares have increased 19% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $20.77, a decline of 4.5% 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 NEWT at https://www.zacks.com/ap/NEWT