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Safeguard Scientifics: Q4 Earnings Snapshot

·1-min read

RADNOR, Pa. (AP) _ Safeguard Scientifics Inc. (SFE) on Wednesday reported a loss of $7.4 million in its fourth quarter.

On a per-share basis, the Radnor, Pennsylvania-based company said it had a loss of 35 cents. Losses, adjusted for asset impairment costs, were 22 cents per share.

For the year, the company reported a loss of $37.6 million, or $1.81 per share, swinging to a loss in the period.

Safeguard Scientifics shares have risen 24% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $7.88, a fall of 9% 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 SFE at https://www.zacks.com/ap/SFE