Stock Spotlight: DryShips Review Featured on MicroStockProfit.com

DALLAS, Aug. 16, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring DryShips Inc. DRYS. The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.

The full report is available at: www.microstockprofit.com/lp/DRYS

DryShips Inc. (DRYS) is a global provider of marine transportation services for drybulk and petroleum cargoes and off-shore contract drilling oil services. Through its majority owned subsidiary, Ocean Rig UDW Inc., DRYS owns and operates nine offshore ultra deepwater drilling units, comprising of two ultra deepwater semisubmersible drilling rigs and seven ultra deepwater drillships, four of which remain to be delivered to Ocean Rig UDW Inc. during 2011 and 2013. 

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In the report, the analyst notes:

"Earlier this month, the Greece-based dry cargo shipper announced it will partially spin-off its interest in its majority-owned drilling unit Ocean Rig UDW Inc. The Company said it will distribute about 3 million shares of Ocean Rig common stock by September 21, which will reduce the Company's ownership interest by approximately 2% to 76%.

"DRYS posted a net income of $25.8 million, or $0.07 basic diluted earnings per share, for the first quarter ended March 31, 2011, up from $13.3 million, or $0.04 basic and diluted earnings per share, in the comparable period last year."

To read the entire report visit: www.microstockprofit.com/lp/DRYS

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