Oaktree Specialty Lending: Fiscal 1Q Earnings Snapshot
LOS ANGELES (AP) _ Oaktree Specialty Lending Corp. (OCSL) on Thursday reported fiscal first-quarter net income of $27.7 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 profit of 20 cents. Earnings, adjusted for non-recurring gains, were 12 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The specialty finance company posted revenue of $38.3 million in the period.
The company’s shares closed at $4.96. A year ago, they were trading at $4.80.