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Eagle Point Income Plunges 13.34% on Earnings Miss
Generated by AI AgentAinvest Pre-Market Radar
Wednesday, May 28, 2025 9:22 am ET1min read
On May 28, 2025,
experienced a significant drop of 13.34% in pre-market trading, marking a notable decline in its stock performance.Eagle Point Income recently released its first-quarter earnings report, revealing a revenue of USD 14.13 million, a substantial increase from USD 9.13 million in the same period last year. However, the company reported a net loss of USD 10.57 million, which could be a contributing factor to the recent stock price decline.
Additionally, the company is expected to report quarterly earnings at $0.45 per share on revenue of $14.25 million, which may have influenced investor sentiment and contributed to the stock's pre-market drop.
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