Costamare Inc. Reports Results for the First Quarter Ended March 31, 2020
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Costamare (CMRE) Reports In-Line Q1 EPS, Revenues Miss
April 29, 2020 6:57 AM EDTCostamare (NYSE: CMRE) reported Q1 EPS of $0.27, in-line with the analyst estimate of $0.27. Revenue for the quarter came in at $111.17 million versus the consensus estimate of $130.64 million.
Net Income of $32.8 million or $0.21 per share in Q1 2020.Adjusted Net Income available to common stockholders(1) of $32.6 million or $0.27 per share in Q1 2020.Voyage Revenues of $121.4 million.Liquidity of $268.4 million as of end Q1 2020 (including our share of cash amounting to $31.0 million held in subsidiaries co-owned with York Capital Management Global Advisors LLC and an affiliated fund (collectively, together with the funds it... More