Oaktree Specialty Lending Reports Q1 Profit in Line with Estimates
Oaktree Specialty Lending Corp. (OCSL) announced a fiscal first-quarter profit of $7.2 million, translating to earnings per share of 9 cents. Adjusted for investment costs, earnings reached 54 cents per share, matching Wall Street expectations. Zacks Investment Research surveyed three analysts who projected earnings of 54 cents per share.
However, OCSL's revenue of $86.6 million fell short of analysts' estimates. Four analysts surveyed by Zacks had forecast revenue of $90.6 million.