— 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.
![Earnings Update by AlphaStreet](https://cdn.news.alphastreet.com/wp-content/uploads/2019/04/Earnings-Coverage-5-1024x768.jpg)
— 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.
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%