Horizon Technology Finance Corporation (NASDAQ:HRZN) is set to announce second quarter earning results on Tuesday 28th July 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, HRZN to report 2Q20 income of $ 0.29 per share.
For the full year, analysts anticipate top line of $ 43.20 million, while looking forward to income of $ 1.14 per share bottom line.
Previous Quarter Performance
Horizon Technology Finance Corporation outlined income for the first quarter of $ 0.26 per share, from the revenue of $ 10.11 million. The quarterly earnings improved 11.76 percent while revenues compared with the same quarter last year.
Street analysts expected Horizon Technology Finance Corporation to report income of $ 0.33 per share on revenue of $ 11.46 million for the first quarter. The bottom line results missed street analysts by $ 0.07 or 21.21 percent, at the same time, top line results fell short of analysts by $ 1.35 million or 11.78 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of HRZN was $ 11.23, representing a 149.00 % increase from the 52 week low of $ 4.51 and a 18.51 % decrease over the 52 week high of $ 13.78.
The company has a market capital of $ 189.29 million and is part of the Financial Services sector and Asset Management industry.
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Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries. It seeks to invest in companies in the United States.
