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Hercules Tech: 1Q Earnings Snapshot

PALO ALTO, Calif. (AP) _ Hercules Technology Growth Capital Inc. (HTGC) on Thursday reported first-quarter net income of $61.6 million.

The Palo Alto, California-based company said it had net income of 64 cents per share. Earnings, adjusted for investment gains, were 30 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.

The specialty finance company posted revenue of $58.8 million in the period, which matched Street forecasts.

Hercules Tech shares have climbed 17% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $12.91, a climb of almost 5% 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 HTGC at https://www.zacks.com/ap/HTGC