Costamare rises after reporting earnings that beat Wall Street estimates
Costamare Inc (NYSE:CMRE) rallied Thursday after the container ship company reported fourth-quarter profit that beat analysts’ expectiations.
For the quarter, the Monaco-based company reported adjusted net Income available to common stockholders of $13.3 million, or $ 0.12 per share. That beat the $0.10 average forecast of analysts.
READ: Global Energy Ventures granted US approval for ship construction
Shares of the company rose 1.9% to $4.90 in after-hours trading
During 2018, the company ordered new buildings and acquired secondhand vessels for a total value of about $ 900 million.
Contact Dennis Fitzgerald at [email protected]
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/213202/costamare-rises-after-reporting-earnings-that-beat-wall-street-estimates-213202.html
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