- NewtekOne ( NASDAQ: NEWT ) stock slid 7.5% in Monday after-hours trading after its Q4 top and bottom lines each came in worse than expected Monday as the former business development company embarked on its new path as a financial holding company.
- Q4 adjusted net investment loss per share of -$0.22, missing the average analyst estimate of $0.63, dropped from $0.07 in the year-ago quarter.
- Total investment income of $23.1M, falling short of the $24.77M consensus, decreased from $24.8M in Q4 2021.
- Net asset value per share was $15.25 at Dec. 31, 2022, vs. $16.72 a year before.
- Total investment portfolio gained 6.5% to $808.0M at Dec. 31, 2022, from $758.8M at Dec. 31, 2021.
- Conference call on Feb. 28 at 8:30 a.m. ET.
- Last week (Feb. 22), Piper Sandler initiated NewtekOne at Neutral on near-term choppiness.
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NewtekOne stock dives on weaker than forecast Q4 earnings