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Firsthand Technology Value Fund: 1Q Earnings Snapshot

SAN JOSE, Calif. (AP) _ Firsthand Technology Value Fund Inc. (SVVC) on Friday reported a first-quarter loss of $2.8 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the San Jose, California-based company said it had a loss of 40 cents. Earnings, adjusted for investment costs, were 10 cents per share.

The technology investment fund posted revenue of $814,900 in the period. Its adjusted revenue was $815,000.

Firsthand Technology Value Fund shares have fallen 2% since the beginning of the year. In the final minutes of trading on Friday, shares hit $10.96, a decline of 4% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SVVC at https://www.zacks.com/ap/SVVC