DryShips (DRYS) Posts Q1 adj.-Loss of 78c/Share

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DryShips Inc. Reports Financial and Operating Results for the First Quarter 2016

May 19, 2016 4:05 PM EDT

ATHENS, GREECE -- (Marketwired) -- 05/19/16 -- DryShips Inc. (NASDAQ: DRYS), or DryShips or the Company, an international owner of drybulk carriers and offshore support vessels, today announced its unaudited financial and operating results for the quarter ended March 31, 2016.

First Quarter 2016 Financial Highlights

For the first quarter of 2016, the Company reported a net income of $55.4 million, or $2.05 basic and diluted earnings per share. Included in the first quarter 2016 results are: Vessel impairment charges and loss on sales, of $40.8 million, or $1.53 per share. Net income pick-up from the... More