Eagle Point Income Q1 Net investment income per share $0.56 Up From $0.49 YoY, Sales $9.13M Up From $5.50M YoY
Portfolio Pulse from Benzinga Newsdesk
Eagle Point Income (NYSE:EIC) reported a 14.29% increase in Q1 net investment income per share to $0.56, and a 66.01% increase in sales to $9.13 million compared to the same period last year.
May 21, 2024 | 12:09 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Eagle Point Income (NYSE:EIC) reported a significant increase in both net investment income per share and sales for Q1. The net investment income per share rose by 14.29% to $0.56, while sales surged by 66.01% to $9.13 million compared to the same period last year.
The significant year-over-year increase in both net investment income per share and sales is likely to positively impact the stock price in the short term. Investors typically respond favorably to strong earnings and revenue growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100