PSEC shares fell after fiscal Q3 interest income missed forecasts, though net investment income exceeded Wall Street expectations.
Prospect Capital reported fiscal third-quarter net investment income above consensus estimates, but interest income and total investment income fell short of Wall Street forecasts. The business development company’s results drove premarket shares down 1.1% on Friday.
Analysts had anticipated stronger interest revenue, which lagged prior expectations. Net investment income, however, surpassed projections, highlighting mixed performance in the quarter. The company’s total investment income also missed estimates, contributing to the stock’s decline.
No immediate market reaction beyond the premarket dip was reported, as investors weighed the offsetting results.