Saratoga Investment Posts $6.7 Million Fiscal Q2 Loss, Misses Analyst Estimates

Saratoga Investment Corp. (SAR) reported a fiscal second-quarter loss of $6.7 million on Tuesday, missing Wall Street expectations, the New York-based business development company said. The loss amounted to 41 cents per share. Adjusted for investment costs, earnings came in at 46 cents per share, below the 47-cent average estimate of three analysts surveyed by Zacks Investment Research. Revenue for the period totaled $31.2 million, also falling short of the $31.5 million three analysts had projected.