Eagle Point Income Q3 Adj Net investment income per share $0.51 Up From $0.47 YoY, Total Investment Income $6.97M Up From $5.00M YoY
Portfolio Pulse from bharat@benzinga.com
Eagle Point Income (NYSE:EIC) reported an increase in Q3 adjusted net investment income per share to $0.51, up from $0.47 year-over-year (YoY). Total investment income for the quarter was $6.97M, a 39.64% increase from $5.00M in the same period last year.
November 14, 2023 | 1:11 pm
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POSITIVE IMPACT
Eagle Point Income reported a positive earnings growth with Q3 adjusted net investment income per share increasing to $0.51 from $0.47 YoY, and a significant rise in total investment income to $6.97M from $5.00M YoY.
The reported increase in both earnings per share and total investment income indicates a strong financial performance for the quarter, which is likely to be viewed positively by investors. This positive earnings report could lead to a short-term increase in the stock price as it reflects the company's growth and profitability.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100