TriplePoint Venture Growth: 2Q Earnings Snapshot
MENLO PARK, Calif. (AP) _ TriplePoint Venture Growth BDC Corp. (TPVG) on Wednesday reported second-quarter earnings of $23.9 million.
The Menlo Park, California-based company said it had net income of 96 cents per share. Earnings, adjusted for investment gains, were 41 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.
The investment company posted revenue of $18.9 million in the period.
TriplePoint Venture Growth shares have climbed 37% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $14.90, an increase of 9% in the last 12 months.