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BlackRock TCP: 1Q Earnings Snapshot

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  • TCPC
  • BLK

SANTA MONICA, Calif. (AP) _ BlackRock TCP Capital Corp. (TCPC) on Wednesday reported first-quarter profit of $24.1 million.

The Santa Monica, California-based company said it had profit of 41 cents per share. Earnings, adjusted for investment gains, came to 40 cents per share.

The results matched Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 40 cents per share.

The investment company posted revenue of $47.5 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $47.4 million.

BlackRock TCP shares have increased 13% since the beginning of the year. The stock has increased slightly in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TCPC at https://www.zacks.com/ap/TCPC