Hercules Capital Q1 2024 GAAP EPS $0.50 Misses $0.51 Estimate, Sales $121.553M Beat $119.016M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hercules Capital (NYSE:HTGC) reported Q1 2024 earnings of $0.50 per share, missing the consensus estimate of $0.51 by 1.96%. However, their sales of $121.553M exceeded the estimate of $119.016M by 2.13%, marking a 15.67% increase from the previous year.
May 02, 2024 | 9:28 pm
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Hercules Capital reported a slight miss in Q1 2024 EPS at $0.50 vs. the $0.51 estimate but outperformed in sales with $121.553M against a $119.016M forecast.
The slight miss in EPS might initially disappoint investors, but the significant beat in sales and year-over-year growth could offset concerns, leading to a neutral short-term impact on HTGC's stock price.
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