Investing.com - Investcorp Credit Management BDC reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Investcorp Credit Management BDC announced earnings per share of $0.17 on revenue of $5.82M. Analysts polled by Investing.com anticipated EPS of $0.15 on revenue of $6.63M.
Investcorp Credit Management BDC shares are down 9% from the beginning of the year, still down 23.94% from its 52 week high of $5.89 set on September 22, 2021. They are outperforming the Nasdaq which is down 26.21% from the start of the year.
Investcorp Credit Management BDC follows other major Financial sector earnings this month
Investcorp Credit Management BDC's report follows an earnings missed by China Construction Bank Corp on August 29, who reported EPS of $0.8407 on revenue of $27.56B, compared to forecasts EPS of $0.8413 on revenue of $27.58B.
RBC had missed expectations on August 24 with third quarter EPS of $2.55 on revenue of $11.43B, compared to forecast for EPS of $2.66 on revenue of $11.77B.
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