Recap: Gladstone Cap Q1 Earnings
Portfolio Pulse from Benzinga Insights
Gladstone Cap (NASDAQ:GLAD) reported Q1 earnings with an EPS of $0.27, missing estimates by 3.57% against an expected $0.28. Revenue increased by $3.93 million from the same period last year. Despite missing EPS estimates last quarter, GLAD's share price increased by 1.6% the following day. Historical earnings show fluctuating performance with occasional misses and beats on both EPS and revenue estimates.
February 05, 2024 | 9:25 pm
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Gladstone Cap reported Q1 earnings with a slight miss on EPS estimates but showed an increase in revenue compared to last year.
Although GLAD missed the EPS estimate for Q1, the increase in revenue and historical resilience in share price following earnings misses suggest a neutral short-term impact. The company's ability to exceed revenue expectations may offset concerns about the EPS miss.
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