Upgrade to SI Premium - Free Trial

Stellus Capital Investment (SCM) Misses Q1 EPS by 1c

May 10, 2019 5:51 AM

Stellus Capital Investment (NYSE: SCM) reported Q1 EPS of $0.34, $0.01 worse than the analyst estimate of $0.35. Revenue for the quarter came in at $13.8 million versus the consensus estimate of $14.19 million.

"We are pleased to report a strong quarter where core net investment income covered our $0.34 per share dividend and we generated $10.2 million of realized gains. We completed a secondary offering resulting in approximately $38.5 million of net proceeds in the first quarter and an additional $2.8 million in the second quarter, that provides us with additional capacity to grow," said Robert T. Ladd, the Company's Chief Executive Officer.

For earnings history and earnings-related data on Stellus Capital Investment (SCM) click here.

Categories

Corporate News Earnings Management Comments

Next Articles