Prospect Acquisition Corporation (PAX) Misses Q1 EPS by 0.5c

Prospect Acquisition Corporation (NASDAQ: PAX) reported Q1 EPS of $0.125, $0.005 worse than the analyst estimate of $0.13.

Alex Saigh, Patria's CEO, said: "We are pleased with our strong results for the 1st quarter, with management fees increasing 31% and Fee Related Earnings increasing 14% compared to the prior year's 1st quarter. The fundamental resilience of our business model and our decades of experience navigating the Latin American investment landscape give us great confidence in our ability to deliver excellent returns to our LPs and strong value for our shareholders."

For earnings history and earnings-related data on Prospect Acquisition Corporation (PAX) click here.

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