Investing.com - Eagle Point Cred reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Eagle Point Cred announced earnings per share of $0.47 on revenue of $30.2M. Analysts polled by Investing.com anticipated EPS of $0.41 on revenue of $30.05M.
Eagle Point Cred shares are down 14.97% from the beginning of the year, still down 25.03% from its 52 week high of $15.54 set on December 9, 2021.
Eagle Point Cred shares gained 1.39% in intra-day trade following the report.
Eagle Point Cred follows other major Financial sector earnings this month
Eagle Point Cred's report follows an earnings missed by Berkshire Hathaway A on November 5, who reported EPS of $-1,832 on revenue of $76.9B, compared to forecasts EPS of $4,518.39 on revenue of $74.9B.
Bank of America had beat expectations on October 17 with third quarter EPS of $0.81 on revenue of $24.5B, compared to forecast for EPS of $0.7769 on revenue of $23.54B.
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