U.S. Markets open in 2 hrs 52 mins

TriplePoint Venture Growth: 3Q Earnings Snapshot

MENLO PARK, Calif. (AP) _ TriplePoint Venture Growth BDC Corp. (TPVG) on Wednesday reported a third-quarter loss of $8.8 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Menlo Park, California-based company said it had a loss of 35 cents. Earnings, adjusted for investment costs, came to 29 cents per share.

The investment company posted revenue of $15.7 million in the period.

TriplePoint Venture Growth shares have increased 55% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.90, an increase of 35% 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 TPVG at https://www.zacks.com/ap/TPVG