DryShips (DRYS) Reports Q3 EPS of $0.12

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DryShips Inc. Reports Financial and Operating Results for the Third Quarter of 2018

October 29, 2018 5:30 PM EDT

ATHENS, Greece, Oct. 29, 2018 (GLOBE NEWSWIRE) -- DryShips Inc. (NASDAQ: DRYS) (DryShips or the Company), a diversified owner and operator of ocean going cargo vessels, today announced its unaudited financial and operating results for the quarter ended September 30, 2018.

Third Quarter 2018 Financial Highlights

For the third quarter of 2018, the Company reported net income of $11.6 million, or $0.12 basic and diluted earnings per share.Included in the third quarter of 2018 results are gains from the sale of vessels to unaffiliated buyers and vessel impairments totaling $5.1 million, or $0.05 earnings... More