Hercules Tech: 2Q Earnings Snapshot
PALO ALTO, Calif. (AP) _ Hercules Technology Growth Capital Inc. (HTGC) on Thursday reported second-quarter profit of $48.1 million.
On a per-share basis, the Palo Alto, California-based company said it had net income of 49 cents. Earnings, adjusted for investment gains, were 36 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.
The specialty finance company posted revenue of $69.3 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $62.5 million.
Hercules Tech shares have risen 16% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $12.87, a fall of 4.5% in the last 12 months.
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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
