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New Mountain: Q1 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — New Mountain Finance Corp. (NMFC) on Monday reported a loss of $50.9 million in its first quarter.

The New York-based company said it had a loss of 51 cents per share. Earnings, adjusted for investment costs and non-recurring costs, came to 32 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 32 cents per share.

The business development company posted revenue of $68.8 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $67.7 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 NMFC at https://www.zacks.com/ap/NMFC

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
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