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Hercules Tech beats Street 4Q forecasts

PALO ALTO, Calif. (AP) _ Hercules Technology Growth Capital Inc. (HTGC) on Thursday reported fourth-quarter earnings of $14.1 million.

On a per-share basis, the Palo Alto, California-based company said it had profit of 18 cents. Earnings, adjusted for investment costs, came to 43 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.

The specialty finance company posted revenue of $47.5 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $45.4 million.

For the year, the company reported profit of $68.7 million, or 91 cents per share. Revenue was reported as $175.1 million.

Hercules Tech shares have risen nearly 6 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.94, a climb of 44 percent 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


Keywords: Hercules Technology, Earnings Report