Euroseas Ltd. Reports Results for the Six-Month Period and Quarter Ended June 30, 2018
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Euroseas Ltd. (ESEA) Misses Q2 EPS by 2c, Miss on Revenues
August 10, 2018 8:34 AM EDTEuroseas Ltd. (NASDAQ: ESEA) reported Q2 EPS of $0.04, $0.02 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $9.75 million versus the consensus estimate of $12.49 million.
Aristides Pittas, Chairman and CEO of Euroseas commented:
In the second quarter of 2018, we achieved a significant milestone in executing our strategy by completing the spin-off of six of our drybulk vessels into EuroDry Ltd., a shipping company also listed on NASDAQ. We are pleased to see that our shareholders benefited by having the market value of their combined EuroDry Ltd. and... More
