WASHINGTON (dpa-AFX) - Prospect Capital Corp. (PSEC) reported that its third-quarter net income was $50.2 million or $0.44 per share, compared to $33.8 million or $0.38 per share in the year-ago quarter.
Net investment income for the quarter was $58.07 million or $0.51 per share, up from $23.96 million or $0.27 per share in the prior year period.
Total Investment Income rose to $95.62 million from $44.57 million in the comparable quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.55 per share on revenues of $98.28 million for the quarter. Analysts' estimates typically exclude special items.
The company estimate that its Net investment income for the fourth fiscal quarter ended June 30, 2012 will be $0.38 to $0.43 per share. Analysts polled by Thomson Reuters expect the company to report earnings of $0.29 per share for the fourth-quarter.
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