DALLAS (AP) 鈥� DALLAS (AP) 鈥� Sixth Street Specialty Lending, Inc. (TSLX) on Tuesday reported a loss of $26 million in its first quarter.
On a per-share basis, the Dallas-based company said it had a loss of 27 cents. Earnings, adjusted for investment costs, came to 42 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.
The business development company posted revenue of $93.4 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $104.6 million.
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