Horizon Technology Finance misses Q2 earnings estimates, stock falls to $9.69, analysts lower price targets.
Horizon Technology Finance (HRZN) reported quarterly earnings of $0.32 per share, missing estimates by $0.03, with revenue of $24.56 million below the $25.38 million forecast. Following the earnings announcement, HRZN shares fell to $9.69. The company declared a $0.11 monthly dividend payable on December 13. Analysts have lowered price targets, with Keefe, Bruyette & Woods and B. Riley both setting objectives at $9.00 and rating the stock as "underperform" and "sell," respectively.
October 31, 2024
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