Recap: Prospect Capital Q2 Earnings
Portfolio Pulse from Benzinga Insights
Prospect Capital (NASDAQ:PSEC) reported Q2 earnings with an EPS of $0.24, beating estimates by 9.09% but with a revenue decrease of $1.97 million from the previous year. The company has a history of beating EPS estimates, which previously led to a 12.12% share price increase the following day.
February 08, 2024 | 9:50 pm
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Prospect Capital reported a higher than expected Q2 EPS of $0.24, surpassing estimates by 9.09%, but saw a decrease in revenue compared to last year.
The positive earnings surprise of 9.09% for Prospect Capital is likely to be viewed favorably by investors, given the company's history of share price increases following earnings beats. However, the decrease in revenue could temper some of the enthusiasm, making the overall impact on the stock price positive but with some caution.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100