Ship Finance (SFL) Misses Q2 EPS by 10c, Revenues Miss

Ship Finance (NYSE: SFL) reported Q2 EPS of $0.15, $0.10 worse than the analyst estimate of $0.25. Revenue for the quarter came in at $97 million versus the consensus estimate of $102.1 million.

Ole B. Hjertaker, CEO of Ship Finance Management AS, said in a comment: "Following the acquisition of three modern container vessels reported earlier today, Ship Finance's charter backlog has increased to $3.6 billion. 2018 has been an active year where we have significantly grown and renewed our fleet through a series of transactions. This has increased our cash flow visibility and diversified our counterparty exposure, and in the process we have maintained a strong liquidity profile, allowing us to act decisively on accretive growth opportunities that fit our investment profile."

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

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