WASHINGTON (dpa-AFX) - American Capital Ltd (ACAS) released a profit for its first quarter that advanced compared to the same period last year.
The company said its bottom line came in at $74 million, or $0.40 per share. This was up from $50 million, or $0.28 per share, in last year's first quarter.
Analysts had expected the company to earn $0.28 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 5.2% to $162 million. This was up from $154 million last year.
American Capital Ltd earnings at a glance:
-Earnings (Q1): $74 Mln. vs. $50 Mln. last year. -Earnings Growth (Y-o-Y): 48.0% -EPS (Q1): $0.40 vs. $0.28 last year. -EPS Growth (Y-o-Y): 42.9% -Analysts Estimate: $0.28 -Revenue (Q1): $162 Mln vs. $154 Mln last year. -Revenue Change (Y-o-Y): 5.2%
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