AP NEWS
ADVERTISEMENT

Eagle Point: 1Q Earnings Snapshot

May 21, 2020 GMT

GREENWICH, Conn. (AP) _ Eagle Point Credit Co. (ECC) on Thursday reported a loss of $130.6 million in its first quarter.

On a per-share basis, the Greenwich, Connecticut-based company said it had a loss of $4.37. Earnings, adjusted for investment costs, came to 36 cents per share.

The management investment company posted revenue of $17.7 million in the period.

Eagle Point shares have declined 62% since the beginning of the year. The stock has decreased 68% in the last 12 months.

_____

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