Hercules Technology Growth Capital, Inc. (NASDAQ:HTGC) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Hercules Technology Growth Capital, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 12.5% to $0.27 in the quarter versus EPS of $0.24 in the year-earlier quarter.
Revenue: Rose 38.58% to $31 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Hercules Technology Growth Capital, Inc. reported adjusted EPS income of $0.27 per share. By that measure, the company beat the mean analyst estimate of $0.25. It beat the average revenue estimate of $29.55 million.
Quoting Management: “Our first quarter results reflect a great start to 2013. Our investment assets grew 39.4% year-over-year to nearly the billion dollar mark which has translated into record total investment income for the quarter and increased dividends for our shareholders,” said Manuel A. Henriquez, President and Chief Executive Officer of Hercules. “Our warrant portfolio, representing investments in 117 venture backed companies, five of which are on file with the SEC Form S-1 registration statements to complete their initial public offerings, provides additional potential value to our shareholders.”
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