Ship Finance (SFL) Reports Q4 EPS of $0.20, Beats on Revenues

Note: EPS may not be comparable

Ship Finance (NYSE: SFL) reported Q4 EPS of $0.20, versus $0.26 reported last year. Revenue for the quarter came in at $152 million versus the consensus estimate of $95.25 million.

Highlights

• Declaration of fourth quarter dividend of $0.35 per share, the Company's 56th consecutive quarterly dividend
• Improving market conditions led to first profit share income from eight Capesize dry bulk carriers on long term charters
• Net income of $20 million and $152 million of total charter revenues for the fourth quarter
• Continued renewal of the fleet with the divestment of an older crude oil tanker vessel
• Strengthened balance sheet with early conversion of $121 million of convertible notes and redemption of remaining $63 million
• In February 2018, Seadrill Limited announced a global settlement in its Chapter 11 cases. The recent amendments do not result in any changes to terms affecting Ship Finance

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Pro Diversity Network (IPDN) Reports Q2 Loss of $0.15
• Edible Garden AG (EDBL) Reports Q2 Loss of $18.79