TCP Capital (TCPC) Tops Q3 EPS by 1c

November 8, 2016 8:39 AM EST
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TCP Capital (NASDAQ: TCPC) reported Q3 EPS of $0.39, $0.01 better than the analyst estimate of $0.38.

Total investment income for the three months ended September 30, 2016 was approximately $38.5 million, or $0.73 per share, including $0.06 per share from prepayment premiums and related amortization, $0.03 per share from original issue discount amortization and $0.04 per share from income paid in kind. This reflects our policy of recording interest income, adjusted for amortization of premiums and discounts, on an accrual basis. Origination, structuring, closing, commitment, and similar upfront fees received in connection with the outlay of capital are generally amortized into interest income over the life of the respective debt investment.

For earnings history and earnings-related data on TCP Capital (TCPC) click here.

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