Hercules Tech: 3Q Earnings Snapshot
Hercules Tech: 3Q Earnings Snapshot
PALO ALTO, Calif. (AP) _ Hercules Technology Growth Capital Inc. (HTGC) on Thursday reported third-quarter net income of $35.6 million.
On a per-share basis, the Palo Alto, California-based company said it had profit of 37 cents. Earnings, adjusted for investment gains, were 31 cents per share.
The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 31 cents per share.
The specialty finance company posted revenue of $52.6 million in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $54.3 million.
Hercules Tech shares have dropped slightly more than 4 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $12.55, rising slightly 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