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DryShips Q1 Loss Widens

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DryShips'  (NASDAQ: DRYS  ) results for the company's Q1 have been released. For the quarter, revenues were nearly $320 million, representing a substantial climb from the $247 million in the same period the previous year. However, attributable net loss deepened considerably over the same time frame, to $117 million ($0.30 per diluted share) from Q1 2012's shortfall of $47 million ($0.12).

Much of the most recent quarter's red bottom-line number can be attributed to losses on the sale of four of the company's ships. These totaled $75.3 million ($0.20 per share).

Analysts had been expecting revenue of just over $309 billion, and a per-share loss of $0.10 for DryShips' most recent quarter.


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Eric Volkman
TMFVolkman

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.

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Related Tickers

8/28/2015 4:00 PM
DRYS $0.44 Down -0.01 -2.22%
DryShips, Inc. CAPS Rating: ***