Prospect Capital Corp. (PSEC) on Wednesday reported fiscal second-quarter net income of $86 million.
The New York-based company said it had net income of 24 cents per share. Earnings, adjusted for non-recurring costs, were 26 cents per share.
The results fell short of Wall Street expectations. The average estimate of analysts surveyed was for earnings of 28 cents per share.
The business development company posted revenue of $198.9 million in the period.
Prospect Capital shares have increased roughly 1 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.31, a decline of 25 percent in the last 12 months.
With the discount to book value, you should be doing some buying!!!
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