PFLT beat EPS expectations by 34.38%
Nov 27, 2024, 11:35 AM
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What does PFLT do
PennantPark Floating Rate Capital, based in New York City, invests in U.S. middle-market companies through floating rate loans and other debt, focusing on income and capital appreciation. The firm targets below investment grade debt, with a portion allocated to various investment types.
PennantPark Floating Rate Capital (PFLT) reported a positive EPS surprise in its most recent quarterly earnings. For the most recent quarter, PennantPark Floating Rate Capital's actual EPS was $0.24, beating the estimate of $0.32 per share, resulting in a 34.38% surprise.
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