Costamare (CMRE) Tops Q2 EPS by 2c

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Go back to Costamare (CMRE) Tops Q2 EPS by 2c

Costamare Inc. Reports Results for the Second Quarter and Six-Months Ended June 30, 2016

July 27, 2016 4:15 PM EDT

MONACO -- (Marketwired) -- 07/27/16 -- Costamare Inc. ("Costamare" or the "Company") (NYSE: CMRE) today reported unaudited financial results for the second quarter and six-months ended June 30, 2016.

Voyage revenues adjusted on a cash basis of $117.9 million and $237.7 million for the three and six-months ended June 30, 2016, respectively. Adjusted EBITDA of $83.9 million and $169.2 million for the three and six-months ended June 30, 2016, respectively. Adjusted Net income available to common stockholders of $31.9 million or $0.42 per share and $64.0 million or $0.85 per share for the three and six-months ended June 30, 2016, respectively.

See "Financial Summary" and "Non-GAAP... More