Solar Capital: 2Q Earnings Snapshot
NEW YORK (AP) _ Solar Capital Ltd. (SLRC) on Monday reported second-quarter earnings of $19.8 million.
The New York-based company said it had net income of 47 cents per share. Earnings, adjusted for investment gains, were 45 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 45 cents per share.
The business development company posted revenue of $39.2 million in the period.
Solar Capital shares have climbed roughly 7 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $21.55, a decrease of slightly more than 2 percent in the last 12 months.