DryShips (DRYS) Reports Q4 EPS of $0.11

DryShips (NASDAQ: DRYS) reported Q4 EPS of $0.11. Revenue for the quarter came in at $42.6 million, versus $12.84 million reported last year.

Included in the fourth quarter of 2017 results are the following:

• Net income associated with “mark-to-market” accounting of the Company’s 49.0% ownership in Heidmar Holdings LLC, a global tanker pool operator, of $9.7 million, or $0.09 per share.
• Gain on the sale of the Company’s 2001 built Panamax vessel, the Ecola, to an unaffiliated buyer, of $4.4 million, or $0.04 per share.
• Excluding the above, the Company’s net results would have amounted to a net loss of $2.6 million, or $0.02 per share.

For earnings history and earnings-related data on DryShips (DRYS) click here.

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