Stock Track | Prospect Capital Plunges on Disappointing Q1 Results

Stock Track11-08

Shares of Prospect Capital Corp (PSEC) plummeted in pre-market trading on Thursday, following the release of the company's fiscal first-quarter results for the period ended September 2024. The business development company reported a significant loss and weaker-than-expected earnings, weighing on investor sentiment.

PSEC posted a net loss of $134 million, or $0.38 per share, in the quarter, a disappointing performance compared to analysts' expectations. The company's adjusted earnings, which exclude investment costs, came in at $0.21 per share, falling short of market estimates.

Despite the disappointing bottom-line figures, Prospect Capital reported revenue of $196.3 million for the quarter, highlighting the company's ability to generate top-line growth. However, investors appeared to be more focused on the company's profitability, sending shares down sharply in pre-market trading.

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The ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PSEC","symbol_name":"普罗斯佩克特资本","start_time":0,"source_url":"","article_id":"1154459903","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1154459903","pubTimestamp":1731070098,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Prospect Capital Corp  plummeted in pre-market trading on Thursday, following the release of the company's fiscal first-quarter results for the period ended September 2024. 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