Add as a preferred source on GoogleGladstone Investment Posts $0.18 in NII, Missing Estimates by $0.02
Total investment income reached $24.16 million, up 2.6% year over year but $1.76 million below estimates.
Gladstone Investment Corporation (GAIN) posted non-GAAP net investment income of $0.18 per share for its second quarter, missing estimates by $0.02, while total investment income reached $24.16 million.
Total investment income rose 2.6% from a year earlier but came in $1.76 million below estimates.
In an earlier outlook, Gladstone projected annual NII could rise by 1 to 8 cents per share if the Secured Overnight Financing Rate (SOFR) increased by 50 to 150 basis points. The company outlined that rate sensitivity in its earlier outlook.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.