American Capital Q2 Profit Surges

(RTTNews) - American Capital Ltd. (ACAS) reported second-quarter net earnings of $212 million, or $0.76 per share, compared to $21 million or $0.07 per share in the comparable quarter last year.

Net realized earnings was $19 million, down from $22 million in the prior year period. Earnings per share for the latest second quarter was $0.07, same as last year.

Net operating income declined to $26 million or $0.09 per share from $49 million or $0.16 per share in the year-ago period.

On average, eight analysts polled by Thomson Reuters expected the company to report profit of $0.18 per share for the quarter. Analysts' estimates typically exclude special items.

Total operating revenue for the latest quarter was $100 million, down 23% from $130 million in the comparable quarter last year, while five analysts expected revenue of $106.88 million for the current quarter.