Safeguard Scientifics (SFE) Misses Q3 EPS by 5c

Safeguard Scientifics (NYSE: SFE) reported Q3 EPS of ($0.91), $0.05 worse than the analyst estimate of ($0.86).

THIRD QUARTER 2017 HIGHLIGHTS

• Good Start Genetics was acquired by Invitae Corporation (NYSE: NVTA). The Company received shares of Invitae common stock valued at $3.9 million as of September 30, 2017. Additional shares of Invitae with a value of $1.3 million will be held in escrow for approximately one year.
• Deployed $7.1 million in follow-on funding during the third quarter to support the growth of seven partner companies. For the nine months ended September 30, 2017, the Company deployed $27.7 million in follow-on capital in 15 partner companies.
• Repurchased $2.6 million in face value of outstanding 5.25% convertible senior debentures due May 2018, bringing the total repurchased to $14.0 million and reducing the outstanding balance to $41.0 million.

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

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