PALO ALTO, Calif. (AP) — PALO ALTO, Calif. (AP) — Hercules Capital, Inc. (HTGC) on Thursday reported fourth-quarter earnings of $120.2 million.
On a per-share basis, the Palo Alto, California-based company said it had profit of 78 cents. Earnings, adjusted for investment gains, were 56 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.
The specialty finance company posted revenue of $122.6 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $116 million.
For the year, the company reported profit of $337.5 million, or $2.31 per share. Revenue was reported as $460.7 million.
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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