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Hercules Tech: 4Q Earnings Snapshot

February 23, 2021 GMT

PALO ALTO, Calif. (AP) _ Hercules Technology Growth Capital Inc. (HTGC) on Tuesday reported fourth-quarter profit of $151.2 million.

The Palo Alto, California-based company said it had net income of $1.31 per share. Earnings, adjusted for investment gains, were 37 cents per share.

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

The specialty finance company posted revenue of $75.3 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $70.2 million.

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For the year, the company reported profit of $227.3 million, or $2.01 per share. Revenue was reported as $287.3 million.

Hercules Tech shares have risen slightly more than 8% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $15.63, remaining stable over 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