Safeguard Scientifics (SFE) Misses Q3 EPS by 44c

October 27, 2016 8:46 AM EDT
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Safeguard Scientifics (NYSE: SFE) reported Q3 EPS of ($1.18), $0.44 worse than the analyst estimate of ($0.74).

"With a strong balance sheet, liquidity and a talented team, Safeguard is well-positioned to enhance shareholder value," said Stephen T. Zarrilli, Safeguard's President and CEO. "A significant number of our partner companies have achieved the profitability or scale to attract interest from strategic investors in pursuit of growth and proven, innovative technology. As 2016 draws to a close, we are confident that the Safeguard team will succeed in expanding our roster of partner companies into promising vertical markets within the technology sector, and improve upon the predictability and pace of exit transactions with aggregate cash-on-cash returns of at least 2x."

For earnings history and earnings-related data on Safeguard Scientifics (SFE) click here.

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