Triangle Capital (TCAP) Misses Q2 EPS by 1c

Triangle Capital (NYSE: TCAP) reported Q2 EPS of $0.49, $0.01 worse than the analyst estimate of $0.50. Revenue for the quarter came in at $27.8 million versus the consensus estimate of $29.28 million.

In commenting on the Company’s results, Garland S. Tucker, III, Chairman and Chief Executive Officer, stated, “The second quarter was another active quarter for Triangle. In addition to making $65 million of new investments, we entered into a new $300 million senior credit facility and redeemed our first baby bond issuance, thereby achieving a lower overall cost of capital. Our expanded balance sheet enables Triangle to focus on new portfolio opportunities during the remainder of 2015.”

For earnings history and earnings-related data on Triangle Capital (TCAP) click here.

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