EuroDry Ltd. Reports Results for the Nine-Month Period and Quarter Ended September 30, 2020
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EuroDry Ltd. (EDRY) Tops Q3 EPS by 46c, Revenues Beat
November 11, 2020 4:25 PM ESTEuroDry Ltd. (NASDAQ: EDRY) reported Q3 EPS of $0.05, $0.46 better than the analyst estimate of ($0.41). Revenue for the quarter came in at $6.8 million versus the consensus estimate of $6.28 million.
Third Quarter 2020 Highlights:
Total net revenues of $6.8 million. Net income of $0.5 million; net income attributable to common shareholders (after a $0.4 million dividend on Series B Preferred Shares) of $0.1 million or $0.06 earnings per share basic and diluted. Adjusted net income attributable to common shareholders1 for the period was $0.1 million or $0.05 adjusted earnings per share basic and diluted.Adjusted EBITDA1 was $2.8... More