FARMINGTON, Conn. (AP) — FARMINGTON, Conn. (AP) — Horizon Technology Finance Corp. (HRZN) on Tuesday reported a loss of $10.7 million in its fourth quarter.
The Farmington, Connecticut-based company said it had a loss of 32 cents per share. Earnings, adjusted for investment costs, were 45 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.
The investment company posted revenue of $28.2 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $29.2 million.
For the year, the company reported a loss of $17.2 million, or 56 cents per share. Revenue was reported as $113.5 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 HRZN at https://www.zacks.com/ap/HRZN