Palmer Square Capital BDC Q2 EPS $0.48 Misses $0.49 Estimate, Sales $36.55M Beat $34.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Palmer Square Capital BDC (NYSE:PSBD) reported Q2 earnings per share of $0.48, missing the analyst estimate of $0.49. However, the company beat sales estimates with $36.55 million, a 33.19% increase from the same period last year.
August 08, 2024 | 11:18 am
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Palmer Square Capital BDC reported Q2 EPS of $0.48, missing the $0.49 estimate, but sales of $36.55M beat the $34.70M estimate. EPS decreased by 14.29% YoY, while sales increased by 33.19% YoY.
The mixed results, with EPS missing estimates but sales beating expectations, suggest a neutral short-term impact. The significant YoY sales growth is positive, but the EPS miss and YoY decline in EPS may offset this.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100