Business News: American Capital Profit Falls But Beats Estimates

Started by MikeLigalig.com, February 18, 2013, 01:25:22 PM

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MikeLigalig.com

February 18, 2013, 01:25:22 PM
American Capital Profit Falls But Beats Estimates

Private equity firm American Capital's (ACAS) fourth-quarter profit fell, but beat out analysts forecasts. American Capital reported adjusted earnings per share of 26 cents, down 61% from the 67 cents it posted a year ago. But that was a penny more than the consensus of analysts surveyed by Thomson Reuters. Operating revenue climbed almost 13% to $180 million, topping views for $147.77 million. In a statement, CEO Malon Wilkus said the firm

Source: American Capital Profit Falls But Beats Estimates
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