Long
DryShips Tops Q3 Earnings, This could very well be the bottom?
DryShips (DRYS) shares closed trading up 2.74% to $1.50 on heavy volume on Thursday, continuing to gain following the release of its earnings results after yesterday's closing bell.
The Greek shipping company reported third quarter earnings of $16.7 million, or 9 cents per diluted share on an adjusted basis, ahead of analysts' 5 cents per share profit expectations.
The company generated $602 million in revenue during the period, ahead of the $404 million it reported during the same period last year and significantly ahead of the $558 million analysts were expecting for the quarter.
thestreet.com/story/12944923/1/dryships-drys-stock-closes-trading-up-following-third-quarter-earnings-beat.html?puc=yahoo&cm_ven=YAHOO
finance.yahoo.com/news/dryships-tops-q3-earnings-revenues-174002921.html
BDI: stockcharts.com/public/1269446/chartbook/275125711
Disclosure: This is where I buy in and hold.
The Greek shipping company reported third quarter earnings of $16.7 million, or 9 cents per diluted share on an adjusted basis, ahead of analysts' 5 cents per share profit expectations.
The company generated $602 million in revenue during the period, ahead of the $404 million it reported during the same period last year and significantly ahead of the $558 million analysts were expecting for the quarter.
thestreet.com/story/12944923/1/dryships-drys-stock-closes-trading-up-following-third-quarter-earnings-beat.html?puc=yahoo&cm_ven=YAHOO
finance.yahoo.com/news/dryships-tops-q3-earnings-revenues-174002921.html
BDI: stockcharts.com/public/1269446/chartbook/275125711
Disclosure: This is where I buy in and hold.
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