Investcorp Credit Q1 EPS $0.11 Misses $0.14 Estimate, Sales $5.90M Miss $6.64M Estimate
Portfolio Pulse from bharat@benzinga.com
Investcorp Credit (NASDAQ:ICMB) reported Q1 earnings of $0.11 per share, missing the consensus estimate of $0.14, and a 31.25% decrease from the previous year. Sales were $5.90M, also below the $6.64M estimate, marking a 6.37% year-over-year decline.
November 13, 2023 | 9:28 pm
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Investcorp Credit's Q1 earnings and sales missed analyst estimates, with a significant decrease in earnings per share compared to last year.
Missing both earnings and sales estimates can lead to negative investor sentiment and a potential decrease in stock price in the short term. The year-over-year decline in earnings per share is particularly concerning, as it suggests a decrease in profitability.
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