Investcorp Credit Management BDC, Inc. (ICMB) Misses Q1 EPS by 31c

Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB) reported Q1 EPS of ($0.07), $0.31 worse than the analyst estimate of $0.24. Revenue for the quarter came in at $8.55 million versus the consensus estimate of $8.48 million.

Mr. Michael C. Mauer, the Company's Chief Executive Officer, said, "On August 30th, we officially became part of the Investcorp credit platform. Our BDC was officially renamed, but our focus remains the same – originating secured lending opportunities to provide the best possible risk-adjusted returns to our stockholders. The team and I are excited by the deal flow we are already seeing as part of a larger firm. We recognize that volatility is increasing in the leveraged finance markets and we\'re confident that we are very well positioned to create unique investment opportunities as the broader environment begins to shift."

For earnings history and earnings-related data on Investcorp Credit Management BDC, Inc. (ICMB) click here.

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