Ellington Credit (NYSE:EARN) reported quarterly earnings of $0.28 per share which met the analyst consensus estimate. This is a 22.22 percent decrease over earnings of $0.36 per share from the same period last year. The company reported quarterly sales of $4.752 million which missed the analyst consensus estimate of $5.241 million by 9.33 percent. This is a 533.58 percent increase over sales of $(1.096 million) the same period last year.