Prospect Capital Earnings: Here’s Why the Stock is Down Now
Prospect Capital Corporation (NASDAQ:PSEC) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 1.17%.
Prospect Capital Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 49.02% to $0.26 in the quarter versus EPS of $0.51 in the year-earlier quarter.
Revenue: Rose 36.96% to $120.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Prospect Capital Corporation reported adjusted EPS income of $0.26 per share. By that measure, the company missed the mean analyst estimate of $0.31. It missed the average revenue estimate of $128.94 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…