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DRYSHIPS INC (DRYS) 6.29 -$0.24 (-3.68%) 02:54AM (15 mins delay)

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DryShips Q3: Beats Estimates

Oct 27, 2009 - 11:54 AM EDT

Zacks.com submits:

DryShips, Inc.’s (DRYS) third-quarter earnings of 27 cents per share were 6 cents ahead of the Zacks Consensus Estimate. This excludes a loss of $39.3 million or 15 cents per share associated with the valuation of the company’s interest rate swaps. However, earnings were down substantially from $3.53 per share in the prior-year quarter.

GAAP net income for the quarter came in at $35.6 million or 12 cents per share, compared to $180.0 million, or $4.13 per share in the prior-year quarter.

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Source: Seeking Alpha (Oct 27, 2009 - 11:54 AM EDT)