Costamare Inc. (CMRE) released earnings for fourth quarter that decreased from last year but beat the Street estimates.
The company's bottom line came in at $29.74 million, or $0.25 per share. This compares with $96.59 million, or $0.82 per share, last year.
Excluding items, Costamare Inc. reported adjusted earnings of $82.30 million or $0.69 per share for the period.
Analysts on average had expected the company to earn $0.65 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 10.8% to $548.40 million from $494.85 million last year.
Costamare Inc. earnings at a glance (GAAP) :
-Earnings: $29.74 Mln. vs. $96.59 Mln. last year.
-EPS: $0.25 vs. $0.82 last year.
-Revenue: $548.40 Mln vs. $494.85 Mln last year.
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