BlackRock TCP Capital Corp. (NASDAQ: TCPC) saw its shares tumble 5.13% in pre-market trading on Thursday following the release of its second quarter 2025 financial results. The company's earnings report revealed several disappointing figures that failed to meet analyst expectations, sparking concern among investors.
The business development company reported adjusted earnings per share of $0.31, falling short of the analyst consensus estimate of $0.33 by 5.49%. This represents an 18.42% decrease from the $0.38 per share earned in the same period last year. Additionally, quarterly sales came in at $51.465 million, missing the analyst forecast of $56.162 million by 8.36% and marking a significant 28.05% drop from the $71.526 million reported in the previous year.
Despite the underwhelming performance, BlackRock TCP Capital announced a third quarter regular dividend of $0.25 per share and a special dividend of $0.04 per share. The company also reported a net asset value per share of $8.71 for the second quarter. However, these positive aspects were overshadowed by the missed estimates and year-over-year declines, leading to the sharp pre-market sell-off as investors reassess the company's growth prospects and financial health.
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