EuroDry Ltd. Reports Results for the Year and Quarter Ended December 31, 2018

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Go back to EuroDry Ltd. Reports Results for the Year and Quarter Ended December 31, 2018

EuroDry Ltd. (EDRY) Tops Q4 EPS by 14c, Revenues Miss

February 19, 2019 8:04 AM EST

EuroDry Ltd. (NASDAQ: EDRY) reported Q4 EPS of $0.31, $0.14 better than the analyst estimate of $0.17. Revenue for the quarter came in at $7 million versus the consensus estimate of $7.53 million.

Aristides Pittas, Chairman and CEO of EuroDry commented: During the fourth quarter of 2018, the drybulk market was influenced by the continued uncertainty introduced by the trade tensions between US and China and the subsequent trade slowdown. Charter rates weakened throughout the quarter with further declines registering in January and February of 2019. In this environment, we have timely secured physical and FFA contracts to... More