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Saratoga Investment: Fiscal 2Q Earnings Snapshot

·1 min read

NEW YORK (AP) _ Saratoga Investment Corp. (SAR) on Wednesday reported fiscal second-quarter net income of $21.8 million.

On a per-share basis, the New York-based company said it had profit of $1.95. Earnings, adjusted for investment gains, came to 49 cents per share.

The business development company posted revenue of $13.9 million in the period.

Saratoga Investment shares have fallen 29% since the beginning of the year.

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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 SAR at https://www.zacks.com/ap/SAR