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AI compiled from Infoway · 3 analyzed stories

Prospect Capital 10-Q: Investment Income $151.7M, Net Loss $53.4M, EPS $(0.10) — 10-Q Summary

Prospect Capital reported quarterly investment income of $151.7 million, down 3.7% from a year earlier, and a $53.4 million loss attributable to common stockholders, versus prior-year income of $48.1 million. Diluted loss per share was $0.10, compared with earnings of $0.08.

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Updated:

What happened

Prospect Capital reported quarterly investment income of $151.7 million, down 3.7% from a year earlier. It reported a $53.4 million loss for common stockholders, compared with a $48.1 million profit a year earlier, and a diluted loss of $0.10 per share.

Global impact / market context

The loss reverses last year’s profit and may concern ordinary investors. The reported decline in net asset value, the value of assets after debts, to $5.36 per share also matters when judging the company’s financial position. The company gave no specific financial guidance.

What to watch

  1. Check the next reported net investment income per share, because it fell year over year.
  2. Check the next reported net asset value per share, because it was reported at $5.36 after portfolio losses.
  3. Check for specific financial guidance, because none was given in this update.

Affected assets

  • Prospect Capital Corporation

Evidence