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Hercules Tech reports 1Q loss

PALO ALTO, Calif. (AP) _ Hercules Technology Growth Capital Inc. (HTGC) on Thursday reported a first-quarter loss of $5.6 million, after reporting a profit in the same period a year earlier.

The Palo Alto, California-based company said it had a loss of 7 cents per share. Earnings, adjusted for investment costs, were 28 cents per share.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.

The specialty finance company posted revenue of $46.4 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $48.3 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 $13.49, a climb of 13 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