Hercules Capital: Q2 Earnings Snapshot
PALO ALTO, Calif. (AP) — PALO ALTO, Calif. (AP) — Hercules Capital, Inc. (HTGC) on Thursday reported second-quarter profit of $94.8 million.
On a per-share basis, the Palo Alto, California-based company said it had net income of 66 cents. Earnings, adjusted for investment gains, were 53 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.
The specialty finance company posted revenue of $116.2 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $107.9 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HTGC at https://www.zacks.com/ap/HTGC
