Eagle Point Income Q2 EPS $0.44 Down From $0.49 YoY, Sales $10.91M Up From $5.76M YoY
Portfolio Pulse from Benzinga Newsdesk
Eagle Point Income (NYSE:EIC) reported Q2 earnings per share (EPS) of $0.44, a 10.2% decrease from $0.49 YoY. However, sales increased by 89.63% to $10.91 million from $5.76 million YoY.
August 06, 2024 | 12:10 pm
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Eagle Point Income (NYSE:EIC) reported a mixed Q2 with EPS down 10.2% YoY to $0.44, but sales up 89.63% to $10.91 million. The decrease in EPS may concern investors, but the significant increase in sales could be seen as a positive sign of growth.
The decrease in EPS might negatively impact investor sentiment in the short term, but the substantial increase in sales could offset some of this negativity. The mixed results suggest a neutral short-term impact on the stock price.
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