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Main Street Capital Announces Record NAV and Dividend Increase Amid Declining Earnings

Earnings Whispers +2 · ·by G4L

MAIN
MAIN Main Street Capital Corp
$57.21 +0.14%
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  1. 1Main Street Capital Corp reported net investment income of $0.89 per share for the third quarter.
  2. 2This figure was 2.2% lower than the $0.91 consensus and Earnings Whisper estimate for the third quarter.
  3. 3Management acknowledged that earnings and cash flows for some LMM companies are declining and that capital is being allocated more conservatively.

So what's the key point?

What is the main point? Main Street Capital Corp's third-quarter earnings were 2.2% lower than expert expectations. This means the company is using funds more cautiously as earnings for some companies have decreased.

Source Earnings Whispers +2 · View original ↗

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