Costamare (CMRE) Tops Q4 EPS by 2c, Revenues Beat

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Go back to Costamare (CMRE) Tops Q4 EPS by 2c, Revenues Beat

Costamare Inc. Reports Results for the Fourth Quarter and Year Ended December 31, 2018

January 23, 2019 4:24 PM EST

MONACO, Jan. 23, 2019 (GLOBE NEWSWIRE) -- Costamare Inc. (Costamare or the Company) (NYSE: CMRE) today reported unaudited financial results for the fourth quarter and year ended December 31, 2018.             

Adjusted Net Income available to common stockholders(1) of $ 13.3 million or $ 0.12 per share and $ 46.9 million or $ 0.42 per share for the three-months and the year ended December 31, 2018, respectively.During 2018, ordered new buildings and acquired secondhand vessels for a total value of approximately $ 900.0 million. The TEU-weighted average employment period of the vessels involved in these transactions is 8 years.Successfully concluded the acquisition of the 60% equity interest of York... More