Crescent Capital BDC $CCAP stock broke above its 200 day moving average on February 24, 2023, after the company reported EPS and revenueThe income statement provides a summary of a company's revenue and expenses over a specified period of time, typically a year or a quarter. It shows the company's total revenue, th... beats on February 22, 2023.
On February 22, 2023, after market close, Crescent Capital BDC reported Q1 EPS of 49c versus the consensus estimate of 44c. The company reported Q1 revenue of $34.6M versus the consensus estimate of $32.14M. For the quarter ended December 31, investment income totaled $34.6M, an increase from $29M for the quarter ended September 30. The increase was primarily driven by an increase in interest income from investments due to a rise in benchmark rates. Interest income, which includes amortization of upfront fees, increased from $27.2M for the quarter ended September 30 to $32.8M for the quarter ended December 31.
