New Mountain: Q2 Earnings Snapshot
NEW YORK (AP) _ New Mountain Finance Corp. (NMFC) on Monday reported second-quarter profit of $16 million.
On a per-share basis, the New York-based company said it had profit of 16 cents. Earnings, adjusted for investment costs, came to 31 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.
The business development company posted revenue of $73.1 million in the period.