PennantPark Floating Rate Capital Reports Q1 Earnings Beat
MIAMI BEACH, Fla., March 13, 2023 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (PFLT) today announced its financial results for the first quarter of fiscal 2023.
Key Highlights:
* Net Income: $28.3 million
* Earnings Per Share: 35 cents
* Adjusted Earnings Per Share: 33 cents
* Revenue: $67 million
Analysts' Expectations:
* Earnings Per Share: 31 cents
* Revenue: $58.9 million
Commentary:
"We are pleased with our strong performance in the first quarter," said CEO of PennantPark Floating Rate Capital. "Our results reflect the continued success of our investment strategies and the resilience of our portfolio."
Outlook:
PennantPark Floating Rate Capital remains optimistic about the future and expects continued growth in the coming quarters.
Additional Information:
For more information, please visit: https://www.zacks.com/ap/PFLT