NewStar posts 4Q profit

NewStar Financial posts profit of $10.3 million in 4th quarter

BOSTON (AP) _ NewStar Financial Inc. (NEWS) on Tuesday reported fourth-quarter earnings of $10.3 million.

On a per-share basis, the Boston-based company said it had net income of 23 cents.

The commercial finance company posted revenue of $84 million in the period. Its adjusted revenue was $40.5 million.

For the year, the company reported profit of $28.2 million, or 61 cents per share. Revenue was reported as $143.6 million.

NewStar shares have increased 2 percent since the beginning of the year. The stock has risen 84 percent in the last 12 months.

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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 NEWS at https://www.zacks.com/ap/NEWS

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Keywords: NewStar Financial, Earnings Report

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