TCP Capital Corp. (TCPC) reported earnings for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $32.20 million, or $0.25 per share. This compares with $28.26 million, or $0.08 per share, last year.
Excluding items, TCP Capital Corp. reported adjusted earnings of $30.70 million or $0.36 per share for the period.
Analysts on average had expected the company to earn $0.34 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 0.3% to $55.88 million from $55.72 million last year.
TCP Capital Corp. earnings at a glance (GAAP) :
-Earnings: $32.20 Mln. vs. $28.26 Mln. last year.
-EPS: $0.25 vs. $0.08 last year.
-Revenue: $55.88 Mln vs. $55.72 Mln last year.
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