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.
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