Goldman Sachs BDC: 2Q Earnings Snapshot
NEW YORK (AP) _ Goldman Sachs BDC Inc. (GSBD) on Thursday reported second-quarter profit of $17.5 million.
On a per-share basis, the New York-based company said it had net income of 43 cents. Earnings, adjusted for investment costs, came to 50 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The specialty finance company posted revenue of $37.2 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $36.1 million.
Goldman Sachs BDC shares have declined nearly 4 percent since the beginning of the year. The stock has decreased slightly more than 5 percent in the last 12 months.