U.S. Markets open in 4 hrs 27 mins

TriplePoint Venture Growth posts 4Q profit

MENLO PARK, Calif. (AP) _ TriplePoint Venture Growth BDC Corp. (TPVG) on Monday reported fourth-quarter earnings of $6.9 million.

On a per-share basis, the Menlo Park, California-based company said it had profit of 44 cents. Earnings, adjusted for investment gains, were 30 cents per share.

The investment company posted revenue of $10.6 million in the period.

For the year, the company reported profit of $11.1 million, or 69 cents per share. Revenue was reported as $43.6 million.

TriplePoint Venture Growth shares have increased 13 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $13.27, a rise of 32 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 TPVG at https://www.zacks.com/ap/TPVG


Keywords: TriplePoint Venture Growth, Earnings Report