Prospect Capital Reports Q3 Earnings Beat Despite Lower Interest Income
Prospect Capital (PSEC) shares rose 4.2% in after-hours trading following its fiscal third-quarter earnings report, which exceeded analyst consensus estimates. The business development company reported net investment income per common share of $0.15, surpassing market expectations. Despite the earnings beat, the company faced headwinds as total interest income and overall investment income fell short of projections. Investors appear to be weighing the stronger-than-expected bottom line against the decline in core revenue streams from interest.