BlackRock TCP: 3Q Earnings Snapshot
SANTA MONICA, Calif. (AP) _ BlackRock TCP Capital Corp. (TCPC) on Wednesday reported third-quarter profit of $18.4 million.
On a per-share basis, the Santa Monica, California-based company said it had profit of 31 cents. Earnings, adjusted for investment costs, came to 42 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.
The investment company posted revenue of $51.6 million in the period.
BlackRock TCP shares have increased 6% since the beginning of the year. The stock has decreased slightly in the last 12 months.