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Container-Ship Owners In Crossfire As Liners Slash Service
Tuesday, May 19, 2020 - 5:27pm | 1396Container-ship lessors represent one of the most crowded segments in the U.S.-listed shipping arena – and one of the most highly leveraged to COVID-19. Such owners, known as "tonnage providers," lease vessels for varying lengths of time to liner companies, which use chartered ships to complement...
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Oppenheimer's Shipping Update
Monday, November 22, 2010 - 9:22am | 105Oppenheimer published its Shipping Update today, and notes reported earnings from Dryships (NASDAQ: DRYS), Euroseas (NASDAQ: ESEA), and Diana Shipping (NYSE: DSX). DRYS reported adjusted 3Q EPS of $0.38, above consensus of $0.25 and Oppenheimer's estimate of $0.24, primarily due to lower vessel...
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Wells Fargo's Morning Update
Wednesday, November 17, 2010 - 11:50am | 74In Wells Fargo's Morning update, (ANF, CTRN, ESEA) all have lower EPS estimates for FY2010. Abercrombie & Fitch Co.'s (NYSE: ANF) EPS estimate has went down to $1.78 from $1.82. Citi Trends (NASDAQ: CTRN) has a decreased EPS estimate of $1.50 from $1.60. Euroseas, Ltd. (NASDAQ: ESEA) has a...
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Deutsche Bank Adjusts Estimates on Euroseas Ltd.
Wednesday, November 17, 2010 - 9:31am | 130Deutsche Bank has updated estimates on Euroseas (NASDAQ: ESEA)following 3Q reports. On Monday, ESEA reported an adjusted EPS loss of $0.04/share ahead of DB's estimate of $0.06/share. Revenue of $12.7M was below DB's estimate of $13.9M. In a note to clients, Deutsche Bank writes, "We are lowering...
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Euroseas Revenue Below Deutsche Bank Estimate
Tuesday, November 16, 2010 - 9:19am | 74According to Deutsche Bank, Euroseas Ltd. (NASDAQ: ESEA) reported an adjusted EPS loss of $0.04 “ahead of our estimated loss of $0.06/ share and Consensus loss of $0.05/share.” “Revenue of $12.7 million came in below our estimate of $13.9 million, but was more than offset by lower than expected...
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ESEA Results Better Than Expected, Deutsche Reviewing Estimates
Wednesday, August 11, 2010 - 10:22am | 93Euroseas, Ltd. (NASDAQ: ESEA) reported 2Q adjusted EPS of $0.03, topping Deutsche Bank's loss estimate of $0.06. This resulted from higher average TCE rates combined with lower than expected operating expenses, according to Deutsche. During the quarter ESEA re-activated and fixed one of its laid-...