ACAS -- here is a report on ACAS earnings. It is dated tomorrow so maybe it got out early. It was on yahoo but nothing is on the company website.
biz.yahoo.com
finance.yahoo.com
American Capital 2Q Earnings Rise
Wednesday August 1, 9:54 am ET
American Capital Strategies 2nd-Quarter Earnings Rise on Portfolio Appreciation
BETHESDA, Md. (AP) -- American Capital Strategies Ltd., an alternative asset management company, said late Tuesday its second-quarter earnings nearly tripled from the year-ago quarter due to a jump in unrealized appreciation of its portfolio.
Second-quarter earnings rose to $788 million, or $1.42 per share, from $290 million, or 97 cents per share during the same period a year ago.
During the second quarter, American Capital Strategies recorded an unrealized gain from its portfolio investments of $549 million. About $493 million of the appreciation came from the deconsolidation of its European capital management company.
Removing the portfolio appreciation from the second quarter and the year-ago quarter, American Capital Strategies' earnings per share from operating income rose to 91 cents per share, up from 81 cents per share during the second quarter of 2006.
Analysts polled by Thomson Financial, on average, forecast earnings of 78 cents per share for the second quarter. Analysts do not always include unrealized gains from portfolio appreciation.
Net operating income rose 40 percent to $153 million from $109 million due to growth in interest, dividends and fee income.
Shares of American Capital Strategies fell $1.13, or 3 percent, to $39.63. |
