PennantPark Investment Corporation (NASDAQ:PNNT) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
PennantPark Investment Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 3.57% to $0.27 in the quarter versus EPS of $0.28 in the year-earlier quarter.
Revenue: Rose 95.71% to $33.72 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: PennantPark Investment Corporation reported adjusted EPS income of $0.27 per share. By that measure, the company met the mean analyst estimate of $0.27. It missed the average revenue estimate of $34.01 million.
Key Stats (on next page)…