(RTTNews) - PennantPark Investment Corp. (PNNT) reported earnings for first quarter that Dropped, from the same period last year and missed the Street estimates.
The company's earnings came in at $8.96 million, or $0.14 per share. This compares with $16.08 million, or $0.25 per share, last year.
Analysts on average had expected the company to earn $0.16 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 20.3% to $27.25 million from $34.21 million last year.
PennantPark Investment Corp. earnings at a glance (GAAP) :
-Earnings: $8.96 Mln. vs. $16.08 Mln. last year. -EPS: $0.14 vs. $0.25 last year. -Revenue: $27.25 Mln vs. $34.21 Mln last year.
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