Prospect Capital Corp. (PSEC) reported that its fourth-quarter net investment income was $64.2 million or $0.51 per share, up from $30.2 million or $0.31 per share in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.40 per share. Analysts' estimates typically exclude special items.
Net Increase in Net Assets Resulting from Operations rose to $36.30 million from $26.96 million last year. Net increase in net assets resulting from operations per share increased to $0.29 from $0.28 in the same quarter last year.
Total interest income for the quarter rose to $56.0 7 million from $43.67 million in the year ago quarter. Total other income was $13.29 million, up from $5.96 million last year.
The company estimate that its net investment income for the first-quarter will be $0.41 to $0.46 per share. Analysts expect the company to report earnings of $0.29 per share for the first-quarter.
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