Costamare (CMRE) Tops Q4 EPS by 4c

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Go back to Costamare (CMRE) Tops Q4 EPS by 4c

Costamare Inc. Reports Results for the Fourth Quarter and Year Ended December 31, 2019

January 28, 2020 4:15 PM EST

MONACO, Jan. 28, 2020 (GLOBE NEWSWIRE) -- Costamare Inc. (Costamare or the Company) (NYSE: CMRE) today reported unaudited financial results for the fourth quarter and year ended December 31, 2019.

Net Income increased by 82% to $35.9 million for the three months ended December 31, 2019 (Q4 2019) compared to $19.7 million for the three months ended December 31, 2018 (Q4 2018). Earnings per Share available to common stockholders increased by 118% to $0.24 in Q4 2019 compared to $0.11 in Q4 2018.Adjusted Net Income available to common stockholders(1) increased by 189% to $38.4 million in Q4 2019 compared to $13.3 million in Q4 2018. Adjusted Earnings per Share(1) available to common stockholders... More