BOCA RATON, Fla. (AP) — BOCA RATON, Fla. (AP) — NewtekOne, Inc. (NEWT) on Wednesday reported third-quarter profit of $10.7 million.
On a per-share basis, the Boca Raton, Florida-based company said it had net income of 34 cents.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.
The provider of financial and business services to small-and medium-sized business posted revenue of $106.2 million in the period. Its adjusted revenue was $71.8 million, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $74.9 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NEWT at https://www.zacks.com/ap/NEWT
