EuroDry Ltd. Reports Results for the Nine-Month Period and Quarter Ended September 30, 2019
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EuroDry Ltd. (EDRY) Misses Q3 EPS by 16c
November 14, 2019 4:11 PM ESTEuroDry Ltd. (NASDAQ: EDRY) reported Q3 EPS of ($0.26), $0.16 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $7.7 million versus the consensus estimate of $7.98 million.
Third Quarter 2019 Highlights:Total net revenues of $7.7 million. Net loss of $0.4 million; net loss attributable to common shareholders (after a $0.4 million dividend on Series B Preferred Shares) of $0.8 million or $0.35 loss per share basic and diluted. Adjusted net loss attributable to common shareholders1 for the period was $0.6 million or $0.26 adjusted loss per share basic and diluted. Adjusted EBITDA1 was $2.2 million.... More