WhiteHorse: 2Q Earnings Snapshot
MIAMI (AP) _ WhiteHorse Finance Inc. (WHF) on Wednesday reported second-quarter profit of $8.2 million.
The Miami-based company said it had profit of 41 cents per share. Earnings, adjusted for non-recurring gains, came to 37 cents per share.
The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 37 cents per share.
The lender to small companies posted revenue of $16 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $16.1 million.
WhiteHorse shares have risen almost 7% since the beginning of the year. The stock has fallen almost 8% in the last 12 months.