Oaktree Specialty Lending: Fiscal 3Q Earnings Snapshot
LOS ANGELES (AP) _ Oaktree Specialty Lending Corp. (OCSL) on Wednesday reported fiscal third-quarter net income of $24.3 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Los Angeles-based company said it had net income of 17 cents. Earnings, adjusted for investment gains, came to 10 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 10 cents per share.
The specialty finance company posted revenue of $31.8 million in the period.
The company’s shares closed at $4.99. A year ago, they were trading at $5.31.