Fidus Investment Corporation (NASDAQ:FDUS) will hold its 2Q20 earnings conference call with the financial community on 7th August 2020 at 9:00 AM Eastern Time.
The company released its quarterly earnings, after the market close on Thursday 6th August 2020
The conference call will be webcast live on Internet at www.fdus.com
Quarterly Results
Fidus Investment Corporation reported income for the second quarter of $ 0.37 per share, from the revenue of $ 20.43 million. The quarterly earnings expanded 8.82 percent while revenues grew 13.06 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.32 per share from $ 18.43 million in revenue. The bottom line results beat street analysts by $ 0.05 or 15.63 percent, at the same time, top line results outshined analysts by $ 2.00 million or 10.85 percent.
Fidus Investment Corporation is a business development company specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, lower middle market investments, debt investments, subordinated and second lien loans, senior secured and unitranche debt, preferred equity, warrants, subordinated debt, senior subordinated notes, junior secured loans, and unitranche loans. It does not invest in turnarounds or distressed situations. The fund prefers to invest in aerospace and defense, business services, consumer products and services including retail, food, and beverage, healthcare products and services, industrial products and services, information technology services, niche manufacturing, transportation and logistics, and value-added distribution sectors.
