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.
More on Report ,please go to following link : http://www.streetinsider.com/Corporate+News/Highlights+From+DRYSs+Q3+Conference+Call:+77%25+Covered+for+2011+at+Average+Rate+of+$37,000+Per+Day/5048530.html
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment