NewzNEW YORK (AP) — NEW YORK (AP) — Saratoga Investment Corp. (SAR) on Tuesday reported a loss of $6.7 million in its fiscal second quarter. The New York-based company said it had a loss of 41 cents per share.
Earnings, adjusted for investment costs, were 46 cents per share. The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The business development company posted revenue of $31.2 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $31.5 million. _____ 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 Source (STZ) on Tuesday reported fiscal second-quarter earnings of $565.8 million. On a per-share basis, the Rochester, New York-based company said it had net income of $3.32.
Earnings, adjusted for non-recurring costs, were $3.74 per share. The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.62 per share.
The wine, liquor and beer company posted revenue of $2.82 billion in the period. Its adjusted revenue was $2.63 billion, which also topped Street forecasts. Six analysts surveyed by Zacks expected $2.57 billion.
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