EuroDry Ltd. Reports Results for the Year and Quarter Ended December 31, 2019

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Go back to EuroDry Ltd. Reports Results for the Year and Quarter Ended December 31, 2019

EuroDry Ltd. (EDRY) Tops Q4 EPS by 20c

February 12, 2020 4:43 PM EST

EuroDry Ltd. (NASDAQ: EDRY) reported Q4 EPS of $0.43, $0.20 better than the analyst estimate of $0.23. Revenue for the quarter came in at $7.6 million versus the consensus estimate of $7.91 million.

Fourth Quarter 2019 Highlights:

Total net revenues of $7.6 million. Net income of $1.4 million; net income attributable to common shareholders (after a $0.4 million dividend on Series B Preferred Shares) of $1.03 million or $0.45 earnings per share basic and diluted. Adjusted net income attributable to common shareholders1 for the period was $0.98 million or $0.43 per share basic and diluted. Adjusted EBITDA1 was $3.8 million. An average of... More