Investcorp Credit Management BDC, Inc. (ICMB) Misses Q3 EPS by 1c

Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB) reported Q3 EPS of $0.25, $0.01 worse than the analyst estimate of $0.26. Revenue for the quarter came in at $8.83 million versus the consensus estimate of $8.42 million.

Mr. Michael C. Mauer, the Company's Chief Executive Officer, said, "This year has presented us with an environment we could not have anticipated. That said, we had been positioning our portfolio for a cycle and disruption. With 90% of the portfolio in first lien, we have been positioned conservatively and defensively. Our portfolio companies continue to perform relatively well. Even with that, our portfolio has been exposed to the same economic effects of the global pandemic as everyone else. We continue to be focused on stabilizing the portfolio and positioning for a rebound as we emerge from this. Our primary focus is the preservation of our shareholders' capital and the longer-term performance of the company."

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Evogene chairman to address dissident shareholders on results call
• Hydrofarm Holdings Group, Inc. (HYFM) Misses Q2 EPS by 134c