Hercules Tech: Q2 Earnings Snapshot – mySA

PALO ALTO, Calif. (AP) _ Hercules Technology Growth Capital Inc. (HTGC) on Thursday reported a second-quarter loss of $10.3 million, after reporting a profit in the same period a year earlier.

The Palo Alto, California-based company said it had a loss of 9 cents per share. Earnings, adjusted for investment costs, came to 32 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.

The specialty finance company posted revenue of $72.1 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $72 million.


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

Original News Source