Home Latest Firsthand Technology Value Fund: 2Q Earnings Snapshot

Firsthand Technology Value Fund: 2Q Earnings Snapshot

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Firsthand Technology Value Fund: 2Q Earnings Snapshot

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SAN JOSE, Calif. (AP) _ Firsthand Technology Value Fund Inc. (SVVC) on Monday reported second-quarter net income of $21.5 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the San Jose, California-based company said it had net income of $3.01. Earnings, adjusted for investment gains, came to 3 cents per share.

The technology investment fund posted revenue of $921,800 in the period. Its adjusted revenue was $922,000.

Firsthand Technology Value Fund shares have declined 22% since the beginning of the year. In the final minutes of trading on Monday, shares hit $5.04, a drop of 42% in the last 12 months.

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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 SVVC at https://www.zacks.com/ap/SVVC

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