TCP Capital: 2Q Earnings Snapshot
SANTA MONICA, Calif. (AP) _ TCP Capital Corp. (TCPC) on Wednesday reported second-quarter earnings of $4.1 million.
The Santa Monica, California-based company said it had profit of 7 cents per share. Earnings, adjusted for investment costs, came to 41 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.
The investment company posted revenue of $48.4 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $47.5 million.
TCP Capital shares have declined 3 percent since the beginning of the year. The stock has declined 12 percent in the last 12 months.