BlackRock TCP Capital Corp. (NASDAQ: TCPC) saw its stock price plummet 5.13% in pre-market trading on Thursday following the release of its second-quarter 2025 financial results. The company's earnings and revenue figures fell short of analyst expectations, potentially triggering the sharp decline.
The business development company reported adjusted earnings per share of $0.31, missing 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, falling 8.36% below the analyst consensus estimate of $56.162 million and marking a significant 28.05% decrease from the $71.526 million reported in the second quarter of 2024.
Despite the disappointing results, 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 quarter. However, these positive aspects seem to have been overshadowed by the earnings miss and the year-over-year declines in both earnings and revenue, leading to the pre-market sell-off.
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