BlackRock TCP Capital Reports Third Quarter Earnings Exceeding Estimates
BlackRock TCP Capital (TCPC) reported third-quarter financial results that surpassed analyst expectations for earnings per share. The company posted a GAAP EPS of $0.16, outperforming estimates by $0.69. Despite a year-over-year decline in total investment income to $28.48 million—a decrease of 43.6%—the figure still beat consensus projections by $0.97 million. Net investment income for the quarter stood at $13.4 million, resulting in $0.16 per diluted share, while adjusted net investment income was reported at $12.5 million or $0.15 per diluted share.
Tickers: $TCPC