Seaspan Reports Third Quarter 2019 Results
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Seaspan (SSW) Misses Q3 EPS by 6c, Revenues Beat
November 7, 2019 5:43 PM ESTSeaspan (NYSE: SSW) reported Q3 EPS of $0.11, $0.06 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $282.72 million versus the consensus estimate of $279.83 million.
Highlights for the Third Quarter and First Nine Months of 2019:
Increased portfolio financing program by $500.0 million to $1.5 billionAgreed to acquire 9600 TEU vessel which Seaspan expects will enter into a three year time charter with Ocean Network Express ("ONE")Achieved vessel utilization of 99.6% for the third quarter, the highest quarterly utilization since 2011, and 98.8% for the first nine monthsOperating... More