NEW YORK (AP) — NEW YORK (AP) — New Mountain Finance Corp. (NMFC) on Monday reported second-quarter earnings of $7.8 million.
The New York-based company said it had net income of 7 cents per share. Earnings, adjusted for investment costs, were 32 cents per share.
The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 32 cents per share.
The business development company posted revenue of $83.5 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $84.5 million.
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