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Investcorp: Fiscal 1Q Earnings Snapshot

NEW YORK (AP) _ Investcorp Credit Management BDC, Inc. (ICMB) on Tuesday reported a fiscal first-quarter loss of $907,000, after reporting a profit in the same period a year earlier.

On a per-share basis, the New York-based company said it had a loss of 7 cents. Earnings, adjusted for investment costs, were 26 cents per share.

The specialty finance company posted revenue of $8.6 million in the period.

Investcorp shares have risen 10% since the beginning of the year.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ICMB at https://www.zacks.com/ap/ICMB