TPG: 2Q Earnings Snapshot
FORT WORTH, Texas (AP) _ TPG Specialty Lending Inc. (TSLX) on Wednesday reported second-quarter earnings of $47.8 million.
The Fort Worth, Texas-based company said it had net income of 72 cents per share. Earnings, adjusted for investment gains, came to 47 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.
The business development company posted revenue of $62.4 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $57.4 million.
TPG shares have increased roughly 8% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $19.51, staying flat over the last 12 months.