Market Overview

Investcorp Credit: Q1 Earnings Insights

Share:

Shares of Investcorp Credit (NASDAQ:ICMB) were flat after the company reported Q1 results.

Quarterly Results

Earnings per share fell 23.08% year over year to $0.20, which were in line with the estimate of $0.20.

Revenue of $6,971,000 declined by 18.54% from the same period last year, which beat the estimate of $6,920,000.

Guidance

Investcorp Credit hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Technicals

52-week high: $7.70

Company's 52-week low was at $1.38

Price action over last quarter: down 11.28%

Company Profile

Investcorp Credit Management BDC Inc is a US-based externally managed, non-diversified closed-end management investment firm that has elected to be regulated as a business development company (BDC). Its investment objective is to maximize total return to stockholders in the form of current income and capital appreciation by investing in debt and related equity of privately held lower middle-market companies. The company principally invests in the debt of US middle-market companies, which it defines as those companies that have an enterprise value.

 

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Posted-In: Earnings