PennantPark Floating Rate Q3 2024 Adj. EPS $0.31 Misses $0.32 Estimate, Sales $48.505M Beat $45.100M Estimate
Portfolio Pulse from Benzinga Newsdesk
PennantPark Floating Rate (NYSE:PFLT) reported Q3 2024 adjusted EPS of $0.31, missing the $0.32 estimate by 3.13%. However, sales of $48.505M beat the $45.100M estimate by 7.55%, marking a 28.62% increase from the same period last year.
August 07, 2024 | 9:00 pm
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PennantPark Floating Rate (NYSE:PFLT) reported Q3 2024 adjusted EPS of $0.31, missing the $0.32 estimate by 3.13%. However, sales of $48.505M beat the $45.100M estimate by 7.55%, marking a 28.62% increase from the same period last year.
The mixed results, with EPS missing estimates but sales beating expectations and showing significant YoY growth, suggest a neutral short-term impact on PFLT's stock price. Investors may weigh the earnings miss against the strong revenue performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100