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BlackRock TCP: 4Q Earnings Snapshot

February 26, 2020 GMT

SANTA MONICA, Calif. (AP) _ BlackRock TCP Capital Corp. (TCPC) on Wednesday reported a loss of $1.2 million in its fourth quarter.

On a per-share basis, the Santa Monica, California-based company said it had a loss of 2 cents. Earnings, adjusted for investment costs, came to 38 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.

The investment company posted revenue of $47.8 million in the period.

For the year, the company reported profit of $30.6 million, or 52 cents per share. Revenue was reported as $195.2 million.

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BlackRock TCP shares have fallen 2% since the beginning of the year. The stock has decreased roughly 7% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TCPC at https://www.zacks.com/ap/TCPC