NEW YORK (AP) — NEW YORK (AP) — Saratoga Investment Corp. (SAR) on Tuesday reported a loss of $4.1 million in its fiscal third quarter.
On a per-share basis, the New York-based company said it had a loss of 31 cents. Earnings, adjusted for one-time gains and costs, were $1.01 per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.
The business development company posted revenue of $36.3 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $36.1 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
