Global Ship Lease Inc. (GSL) revealed a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $90.18 million, or $2.54 per share. This compares with $64.67 million, or $1.84 per share, last year.
Excluding items, Global Ship Lease Inc. reported adjusted earnings of $90.39 million or $2.55 per share for the period.
Analysts on average had expected the company to earn $2.31 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 2.0% to $182.43 million from $178.89 million last year.
Global Ship Lease Inc. earnings at a glance (GAAP) :
-Earnings: $90.18 Mln. vs. $64.67 Mln. last year.
-EPS: $2.54 vs. $1.84 last year.
-Revenue: $182.43 Mln vs. $178.89 Mln last year.
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