FreeSeas Inc. Has Lower Than Expected 3Q10 Results

By Benzinga Staff
November 12, 2010 10:37 AM

Symbols: FREE

Tags: Dahlman Rose & Co., freeseas, Inc.

Posted in: Analyst Color, Price Target, Analyst Ratings

Dahlman Rose & Co. has published its research report on FreeSeas, Inc. (NasdaqGM: FREE) following 3Q10 results.

FREE's 3Q10 results were slightly lower than expected. Adjusted 3Q10 EPS were $0.10 compared to Dahlman Rose & Co.'s estimate of $0.13. FREE's net revenues were $12.5MM which fell just below the forecast of $12.8MM.

FREE maintains a Buy rating and their price target was decreased from $10 to $6.

FREE is currently trading at $4.81.

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FreeSeas Inc. Has Lower Than Expected 3Q10 Results

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