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Seaspan Corporation Q3 Income Declines

Seaspan Corporation (SSW) released earnings for third quarter that declined from last year.

The company's bottom line came in at $25.05 million, or $0.11 per share. This compares with $63.48 million, or $0.36 per share, in last year's third quarter.

Analysts had expected the company to earn $0.17 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 4.2% to $282.72 million from $294.98 million last year.

Seaspan Corporation earnings at a glance:

-Earnings (Q3): $25.05 Mln. vs. $63.48 Mln. last year.
-EPS (Q3): $0.11 vs. $0.36 last year.
-Analysts Estimate: $0.17
-Revenue (Q3): $282.72 Mln vs. $294.98 Mln last year.

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