Capital Southwest Corp Reports Strong Q3 Earnings
DALLAS (AP) - Capital Southwest Corp. (CSWC) reported a net income of $16.3 million for its fiscal third quarter, surpassing Wall Street expectations. On a per-share basis, the Dallas-based company reported earnings of 34 cents, or 63 cents after adjusting for investment costs.
Analysts surveyed by Zacks Investment Research had anticipated earnings of 62 cents per share. CSWC also beat estimates for revenue, with $52 million recorded during the period. This figure exceeded the $50.6 million projection by Zacks analysts.
The business development company's strong performance reflects continued growth in its investment portfolio. CSWC provides financing and advisory services to small and medium-sized businesses, primarily in the healthcare and technology industries.
Details regarding the company's financial position and business outlook can be found in its quarterly report, available on the Zacks Investment Research website: https://www.zacks.com/ap/CSWC