American Capital Q2 Profit Plunges

(RTTNews) - American Capital Ltd. (ACAS) reported second-quarter net earnings of $21 million, or $0.07 per share, compared to $237 million or $0.71 per share last year.

Net realized earnings was $22 million or $0.07 per share, compared to $12 million or $0.04 per share in the prior year.

On average, nine analysts polled by Thomson Reuters expected the company to report profit of $0.25 per share for the quarter. Analysts' estimates typically exclude special items.

Total operating revenue for the latest quarter was $130.00 million, down from $163.00 million in the comparable quarter last year, while five analysts expected revenue of $137.54 million for the current quarter.