Ship Finance (SFL) Tops Q1 EPS by 2c, Beats on Revenues

Ship Finance (NYSE: SFL) reported Q1 EPS of $0.35, $0.02 better than the analyst estimate of $0.33. Revenue for the quarter came in at $152 million versus the consensus estimate of $97.57 million.

Highlights

• Declaration of first quarter dividend of $0.45 per share, the Company's 53rd consecutive quarterly dividend
• Earned $152 million of total charter revenues during the first quarter
• Continued diversification and renewal of the fleet with the delivery of a second 19,200 TEU container vessel with long term charter to MSC and the sale of two older crude oil tanker vessels
• Secured charter for the 2007-built drilling rig Soehanah with a national oil company in Asia for a minimum period of 12 months
• Agreed to five-year hire-purchase lease for a 1,700 TEU container vessel

For earnings history and earnings-related data on Ship Finance (SFL) click here.

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