Prospect Capital Earnings: Here’s Why Investors are Buying Shares Now
Prospect Capital Corporation (NASDAQ:PSEC) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.46%.
Prospect Capital Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 25.49% to $0.38 in the quarter versus EPS of $0.51 in the year-earlier quarter.
Revenue: Rose 122.67% to $166.47 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Prospect Capital Corporation reported adjusted EPS income of $0.38 per share. By that measure, the company beat the mean analyst estimate of $0.30. It beat the average revenue estimate of $141.38 million.
Key Stats (on next page)…