Oaktree Specialty Lending Q3 2024 Adj. EPS $0.55 Misses $0.56 Estimate, Sales $94.966M Miss $99.380M Estimate
Portfolio Pulse from Benzinga Newsdesk
Oaktree Specialty Lending (NASDAQ:OCSL) reported Q3 2024 earnings per share of $0.55, missing the analyst estimate of $0.56. The company also reported sales of $94.966 million, falling short of the $99.380 million estimate and representing a 6.80% decrease from the same period last year.
August 01, 2024 | 10:13 am
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Oaktree Specialty Lending reported Q3 2024 earnings per share of $0.55, missing the analyst estimate of $0.56. The company also reported sales of $94.966 million, falling short of the $99.380 million estimate and representing a 6.80% decrease from the same period last year.
The earnings and sales miss, along with a year-over-year decline in sales, are likely to negatively impact OCSL's stock price in the short term. Investors may react to the company's inability to meet analyst expectations and the declining revenue trend.
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