Hercules Tech: Q1 Earnings Snapshot – Laredo Morning Times
PALO ALTO, Calif. (AP) _ Hercules Technology Growth Capital Inc. (HTGC) on Thursday reported first-quarter net income of $64.2 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Palo Alto, California-based company said it had profit of 55 cents. Earnings, adjusted for investment gains, came to 29 cents per share.
The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 29 cents per share.
The specialty finance company posted revenue of $68.8 million in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $67.7 million.
Hercules Tech shares have risen 22% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $17.54, a rise of 64% 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