If a backup job spans to next day and if exclude date is set for the next day then, when the current day hits midnight the backup job is terminated, and it goes to a failed status.
When the job gets terminated at midnight following error is recorded in the Job log:
Completed status: Canceled, timed out
The job was automatically canceled because it exceeded the job's maximum configured run time.
Click an error below to locate it in the job log
V-79-57344-33861 - The media operation was terminated by the user.
A hotfix is now available for this issue in the current version(s) of the product(s) mentioned in this article. Refer to the Hotfix link under Related Documents at the end of this article to obtain the hotfix needed to resolve the issue.
Backup Exec 2012 Rev 1798 Service Pack 3 (TECH205351).