PennantPark Floating Rate Q2 2024 Adj EPS $0.31 Misses $0.32 Estimate, Sales $44.354M Beat $39.452M Estimate
Portfolio Pulse from Benzinga Newsdesk
PennantPark Floating Rate (PFLT) reported Q2 2024 adjusted EPS of $0.31, missing the $0.32 estimate, and sales of $44.354M, beating the $39.452M estimate. This represents an 8.82% decrease in EPS and a 28.36% increase in sales from the same period last year.
May 08, 2024 | 10:13 pm
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PennantPark Floating Rate reported a mixed Q2 2024 with an EPS miss and a sales beat compared to analyst estimates, indicating a decrease in profitability but an increase in revenue.
The EPS miss may concern investors about profitability, potentially putting downward pressure on the stock. However, the significant sales beat and revenue growth could offset concerns, suggesting a neutral short-term impact.
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