EuroDry Ltd. Reports Results for the Quarter Ended March 31, 2021 and Announces Agreement to Acquire M/V Blessed Luck, a 2004-Japanese Built Panamax Bulker

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Go back to EuroDry Ltd. Reports Results for the Quarter Ended March 31, 2021 and Announces Agreement to Acquire M/V Blessed Luck, a 2004-Japanese Built Panamax Bulker

EuroDry Ltd. (EDRY) Tops Q1 EPS by 28c, Revenues Beat

May 20, 2021 7:09 AM EDT

EuroDry Ltd. (NASDAQ: EDRY) reported Q1 EPS of $0.55, $0.28 better than the analyst estimate of $0.27. Revenue for the quarter came in at $8.6 million versus the consensus estimate of $7.25 million.

First Quarter 2021 Highlights:

Total net revenues of $8.6 million; net income of $0.9 million; net income attributable to common shareholders (after a $0.3 million dividend on Series B Preferred Shares and a $0.1 million preferred deemed dividend arising out of the net redemption of approximately $3 million of Series B Preferred Shares in the first quarter of 2021) of $0.4 million or $0.19 earnings per share basic and diluted. Adjusted net income... More