Blue Owl Capital (OBDC) Q1 Earnings Miss on High Expenses

Blue Owl Capital Corporation (OBDC) reported first-quarter 2024 earnings per share (EPS) of 47 cents, which missed the Zacks Consensus Estimate by 2.1%. However, the bottom line improved 4.4% year over year.The total investment income of OBDC amounted to $400 million, which increased 5.8$399 million.OBDC’s first-quarter earnings were impacted by higher interest expenses as a result of higher average rates. The ratio of total expenses to ave ...