Euroseas Ltd. (ESEA) Misses Q3 EPS by 16c, Revenues Miss

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Euroseas Ltd. Reports Results for the Nine-Month Period and Quarter Ended September 30, 2018

November 15, 2018 4:05 PM EST

MAROUSSI, ATHENS, Greece, Nov. 15, 2018 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the Company or Euroseas), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today its results for the three and nine month period ended September 30, 2018.

The Spin-off

On May 30, 2018, the Company spun-off its drybulk fleet (excluding M/V Monica P, a handymax drybulk carrier, which was agreed to be sold) into EuroDry Ltd., a separate publicly listed company also listed on the Nasdaq Capital Market. Shareholders of the... More