Carlyle Secured Lending Q1 2024 GAAP EPS $0.52, Inline, Sales $62.007M Beat $60.014M Estimate
Portfolio Pulse from Benzinga Newsdesk
Carlyle Secured Lending (NASDAQ:CGBD) reported Q1 2024 GAAP EPS of $0.52, meeting analyst estimates, and sales of $62.007M, exceeding the $60.014M forecast. This represents a 4% increase in earnings and a 6.22% increase in sales over the same period last year.
May 07, 2024 | 10:33 pm
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POSITIVE IMPACT
Carlyle Secured Lending reported a solid Q1 2024 with earnings and sales growth, meeting and exceeding analyst expectations respectively.
Meeting the EPS estimate and exceeding sales forecasts typically generates positive investor sentiment, potentially leading to a short-term uptick in stock price. The reported growth in earnings and sales over the previous year further strengthens the case for a positive impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100