Global Ship Lease Reports Results for the First Quarter of 2020

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Go back to Global Ship Lease Reports Results for the First Quarter of 2020

Global Ship Lease (GSL) Misses Q1 EPS by 17c, Revenues Miss

May 12, 2020 8:31 AM EDT

Global Ship Lease (NYSE: GSL) reported Q1 EPS of $0.02, $0.17 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $70.95 million versus the consensus estimate of $71.11 million.

George Youroukos, Executive Chairman of Global Ship Lease, stated, Our extensive contract cover and high-quality fleet have largely insulated us from the coronavirus-related disruptions that have expanded to affect the global economy. During the first quarter, we generated strong, consistent earnings and took delivery of two new ships. Our total contracted revenue is now around $696.0 million over a TEU-weighted average remaining duration of 2.3... More