Highlights From
DRYS's Q3 Conference Call: 77% Covered for 2011 at Average Rate of $37,000 Per Day
October 27, 2009 2:22 PM EDT
Dry Ships, Inc. (NASDAQ: DRYS) reports Q3
EPS of $0.27 adjusted, 7 cents better than the analyst estimate of $0.20. Revenue for the quarter was $120.60 million, which compares to the estimate of $210.65 million. Shares have continued to sink throughout the session...now down 7.84%.
Highlights From
DRYS's Q3 Conference Call:
(COO) We incurred a non-cash flow associated with the evaluation of interest rates swaps. Adjusting our P&L for this would change our reported figure to a profit of 74.9 million or $0.27 per share.
During Q3, we took delivery of our new building
Panamax, the
Oliva that commenced a two year time chart.
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