Eagle Point posts 3Q profit

Associated Press |

GREENWICH, Conn. (AP) _ Eagle Point Credit Co. (ECC) on Tuesday reported third-quarter profit of $2.2 million.

On a per-share basis, the Greenwich, Connecticut-based company said it had net income of 12 cents. Earnings, adjusted for investment costs, were 44 cents per share.



The management investment company posted revenue of $16.4 million in the period.

Eagle Point shares have risen slightly more than 8 percent since the beginning of the year. The stock has risen slightly more than 9 percent 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

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