— Euroseas Ltd. (NASDAQ: ESEA) reported a fourth-quarter 2019 adjusted loss of $0.32 per share versus a loss of $0.20 per share expected.
— Total net revenues jumped by 66% to $13.3 million versus $12.11 million expected.
— Drydocking expenses amounted to $1.5 million, up from $0.3 million last year. The latest quarter’s expenses comprise the drydocking cost of one vessel completing her drydocking and two vessels that completed their intermediate surveys in-water.
— On average, 16.8 vessels were owned and operated during the fourth quarter of 2019 earning an average time charter equivalent rate of $9,086 per day.
— During the fourth quarter, the company took delivery of four intermediate containerships, owned by Synergy Holdings Ltd. The four vessels represent a significant expansion of Euroseas’ fleet both in terms of units and value.
— During the fourth quarter of 2019 and early 2020, containership time charter rates have held their levels despite broader concerns about global economic growth and still existing, although de-escalating, trade tensions between the US and China.
Seagate Technology plc (NASDAQ: STX), a leading provider of data storage solutions, Thursday said its earnings declined in the first quarter of 2021, owing to a 10% fall in revenues.
Intel Corporation (NASDAQ: INTC) reported third quarter 2020 earnings results today. Revenue fell 4% year-over-year to $18.3 billion. GAAP net income decreased 29% to $4.3 billion while EPS dropped 25%
AT&T Inc. (NYSE: T) today reported its third quarter financial results for the period ended September 30, 2020. Net income for the third quarter was $2.8 billion, or $0.39 per