FreeSeas Inc. (FREE, FREEW,FREEZ) reported third quarter net income of $465 thousand or $0.02 per share, compared to $9.36 million or $0.43 per share last year.
On average, five analysts polled by Thomson Reuters expected the company to report earnings of $0.04 per share for the quarter. Analysts' estimates typically exclude special items.
Operating revenues declined to $13.08 million from $22.32 million in the same quarter last year. Four analysts estimated revenues of $13.3 million.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.