NEW YORK (AP) — New Mountain Finance Corp. (NMFC) on Wednesday reported third-quarter net income of $26.8 million.
The New York-based company said it had profit of 32 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 35 cents per share.
The business development company posted revenue of $60.5 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $55.4 million.
New Mountain shares have climbed nearly 1 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.64, a fall of nearly 1 percent in the last 12 months.