NEW YORK (AP) — NEW YORK (AP) — New Mountain Finance Corp. (NMFC) on Monday reported a loss of $50.9 million in its first quarter.
The New York-based company said it had a loss of 51 cents per share. Earnings, adjusted for investment costs and non-recurring costs, came to 32 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 32 cents per share.
The business development company posted revenue of $68.8 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $67.7 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 NMFC at https://www.zacks.com/ap/NMFC
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