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Eagle Point: 2Q Earnings Snapshot

August 17, 2020 GMT

GREENWICH, Conn. (AP) _ Eagle Point Credit Co. (ECC) on Monday reported profit of $51.7 million in its second quarter.

The Greenwich, Connecticut-based company said it had net income of $1.71 per share. Earnings, adjusted for investment gains, came to 28 cents per share.

The management investment company posted revenue of $15.4 million in the period.

Eagle Point shares have decreased 46% since the beginning of the year. The stock has decreased 54% in the last 12 months.

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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