New Mountain Finance Reports Q3 Non-GAAP EPS of $0.26 Amid Revenue Decline
New Mountain Finance (NMFC) reported third-quarter financial results featuring a Non-GAAP earnings per share (EPS) of $0.26, which met market expectations. However, the company's revenue reached $60.41 million, missing consensus estimates by approximately $0.66 million and representing a 25% decrease compared to the same period last year. The company's Net Asset Value (NAV) declined to $10.67 per share from $10.89 per share recorded at the end of June. Despite these fluctuations, New Mountain Finance continues its capital management strategy, having extended a $150 million stock buyback program through 2027.
Tickers: $NMFC
Topics: earnings report net asset value revenue miss stock buyback
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