Saratoga Investment Posts $6.7 Million Loss in Fiscal Q2, Missing Estimates

Associated Press··US·Read original
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Summary · why it matters

Saratoga Investment Corp. reported a loss of $6.7 million in its fiscal second quarter, or 41 cents per share, with adjusted earnings of 46 cents per share falling short of the 47 cents per share average estimate from three analysts surveyed by Zacks Investment Research. The New York-based business development company posted revenue of $31.2 million for the period, also missing Street forecasts of $31.5 million from three analysts surveyed by Zacks.

Impact on assets 2

Financials▼
Saratoga Investment Corp
SAR
▼ NegativeCapitalrelevance

Saratoga Investment reported a $6.7M fiscal Q2 loss and missed EPS and revenue estimates.

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Off-coverage companies 1

Zacks Investment Research, Inc.i
Private± Mixedrelevance