Sound Point Meridian Capital Fiscal Q4 Loss Widens, Investment Income Falls

MT Newswires Live

05/27

Sound Point Meridian Capital (SPMC) reported Wednesday its fiscal Q4 loss widened to $3.63 per share, compared with a loss of $1.02 per share a year earlier.

Four analysts polled by FactSet expected a loss of $2.13.

Investment income for the quarter ended March 31 was $15.1 million, down from $22.7 million a year earlier.

Analysts polled by FactSet expected $17.4 million.

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