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Seaspan Corporation Q2 Profit Drops

Seaspan Corporation (SSW) released earnings for second quarter that dropped from the same period last year.

The company's bottom line came in at $21.79 million, or $0.10 per share. This compares with $49.18 million, or $0.34 per share, in last year's second quarter.

Analysts had expected the company to earn $0.14 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.2% to $275.42 million from $281.66 million last year.

Seaspan Corporation earnings at a glance:

-Earnings (Q2): $21.79 Mln. vs. $49.18 Mln. last year.
-EPS (Q2): $0.10 vs. $0.34 last year.
-Analysts Estimate: $0.14
-Revenue (Q2): $275.42 Mln vs. $281.66 Mln last year.

-Guidance:
Full year revenue guidance: $1115 - $1120 Mln

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