Recap: Costamare Q3 Earnings

Shares of Costamare CMRE fell 0.9% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 15.38% year over year to $0.22, which were in line with the estimate of $0.22.

Revenue of $107,903,000 decreased by 12.72% from the same period last year, which missed the estimate of $115,290,000.

Looking Ahead

Costamare hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Oct 27, 2020

Time: 08:30 AM

ET Webcast URL: https://www.costamare.com/

Technicals

Company's 52-week high was at $10.85

52-week low: $3.16

Price action over last quarter: Up 34.38%

Company Description

Costamare Inc is an owner of containerships in Monaco. It provides marine transportation services by chartering its container vessels to liner operators under long, medium and short-term time charters. The company's fleet of vessels includes Cosco Guangzhou, Cosco Ningbo, Cosco Yantian, Vantage, Valor, Valiant and Maersk Kobe, and among others. Costamare provides services to ocean carriers that demand a high standard of safety and reliability. It generates its revenues from time charters.