Benzinga | Aug 5, 2020 04:38PM EDT

Newtek Business Services Q2 EPS $1.37 Misses $1.46 Estimate, Sales $46.70M Beat $29.96M Estimate

Newtek Business Services (NASDAQ:NEWT) reported quarterly earnings of $1.37 per share which missed the analyst consensus estimate of $1.46 by 6.16 percent. This is a 140.35 percent increase over earnings of $0.57 per share from the same period last year. The company reported quarterly sales of $46.70 million which beat the analyst consensus estimate of $29.96 million by 55.87 percent. This is a 230.06 percent increase over sales of $14.15 million the same period last year.