DALLAS (AP) — DALLAS (AP) — Sixth Street Specialty Lending, Inc. (TSLX) on Thursday reported fourth-quarter net income of $51.2 million.
On a per-share basis, the Dallas-based company said it had net income of 58 cents. Earnings, adjusted for investment costs, were 62 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.
The business development company posted revenue of $119.5 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $115.2 million.
For the year, the company reported profit of $222 million, or $2.61 per share. Revenue was reported as $438.1 million.
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