BlackRock TCP: Q2 Earnings Snapshot
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SANTA MONICA, Calif. (AP) — SANTA MONICA, Calif. (AP) — BlackRock TCP Capital Corp. (TCPC) on Thursday reported second-quarter profit of $16.3 million.
The Santa Monica, California-based company said it had profit of 28 cents per share. Earnings, adjusted for investment costs, came to 48 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.
The investment company posted revenue of $54 million in the period.
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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
