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Sixth St: 3Q Earnings Snapshot

·1 min read

DALLAS (AP) _ Sixth Street Specialty Lending, Inc. (TSLX) on Wednesday reported third-quarter earnings of $81.9 million.

The Dallas-based company said it had net income of $1.21 per share. Earnings, adjusted for investment gains, were 61 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.

The business development company posted revenue of $71.3 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $58 million.

Sixth St shares have decreased 20% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $17.26, a drop of 19% 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 TSLX at https://www.zacks.com/ap/TSLX