Recap: Oaktree Specialty Lending Q3 Earnings

Shares of Oaktree Specialty Lending OCSL remained unaffected after the company reported Q3 results.

Quarterly Results

Earnings per share were unchanged 0.00% year over year to $0.12, which beat the estimate of $0.11.

Revenue of $34,403,000 decreased by 6.18% from the same period last year, which beat the estimate of $33,650,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Oaktree Specialty Lending hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Aug 10, 2020

Time: 11:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/ue9zf99x

Recent Stock Performance

52-week high: $5.65

Company's 52-week low was at $2.33

Price action over last quarter: Up 12.41%

Company Profile

Oaktree Specialty Lending Corp is a specialty finance company. It provides lending services and invests in small and mid-sized companies. Its investment objective is to maximize its portfolio's total return by generating current income from debt investments, and to a lesser extent, capital appreciation from equity investments. Its investments generally range in size from ten million dollars to hundred million dollars and are principally in the form of the first lien, second lien, or collectively, senior secured, and subordinated debt investments, which may also include an equity component made in connection with investments by private equity sponsors.