Oaktree Specialty Lending Corp. (NASDAQ:OCSL), a Los Angeles-based specialty finance company, reported fiscal fourth-quarter earnings of $36.9 million, or 45 cents per share.
After adjustments for investment costs, earnings were 55 cents per share, slightly below the 56 cents per share anticipated by analysts surveyed by Zacks Investment Research.
The company's revenue for the quarter was $94.7 million, falling short of the expected $98.1 million.
For the full fiscal year, Oaktree Specialty Lending reported a profit of $57.9 million, or 72 cents per share, with revenue totaling $381.7 million.
Oaktree Specialty Lending provides customized credit solutions to companies with limited access to public or syndicated capital markets.
The company is regulated as a business development company under the Investment Company Act of 1940 and is managed by Oaktree Fund Advisors, an affiliate of Oaktree Capital Management.