Saratoga Investment: Fiscal Q2 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Saratoga Investment Corp. (SAR) on Monday reported fiscal second-quarter profit of $7.9 million.
The New York-based company said it had net income of 65 cents per share. Earnings, adjusted for investment costs, were $1.08 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.
The business development company posted revenue of $35.5 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $35.4 million.
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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
