MENLO PARK, Calif. (AP) — TriplePoint Venture Growth BDC Corp. (TPVG) on Wednesday reported first-quarter profit of $11.1 million.
The Menlo Park, California-based company said it had profit of 45 cents per share. Earnings, adjusted for investment gains, came to 40 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.
The investment company posted revenue of $17.5 million in the period.
TriplePoint Venture Growth shares have climbed 28% since the beginning of the year. The stock has risen 16% in the last 12 months.