NEW YORK (AP) _ Saratoga Investment Corp. (SAR) on Wednesday reported fiscal third-quarter earnings of $8.3 million.
On a per-share basis, the New York-based company said it had net income of 73 cents. Earnings, adjusted for investment gains, came to 53 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.
The business development company posted revenue of $16.5 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $17.4 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
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