Euroseas Ltd. Reports Results for the Quarter Ended March 31, 2020
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Euroseas Ltd. (ESEA) Tops Q1 EPS by 53c, Revenues Beat
May 27, 2020 7:02 AM EDTEuroseas Ltd. (NASDAQ: ESEA) reported Q1 EPS of $0.17, $0.53 better than the analyst estimate of ($0.36). Revenue for the quarter came in at $15.94 million versus the consensus estimate of $13.93 million.
First Quarter 2020 Financial Highlights:
Total net revenues of $15.4 million. Net income of $2.0 million; net income attributable to common shareholders (after a $0.2 million of dividend on Series B Preferred Shares) of $1.8 million or $0.32 per share basic and diluted. Adjusted net income attributable to common shareholders¹ for the period was $1.0 million or $0.17 per share basic and diluted.Adjusted EBITDA¹ was $4.1 million.An... More