Costamare: Set for three-day winning streak on Q2 earnings beat

Costamare

25/07/2019 12:34

** Shares of Costamare Inc  CMRE.N  up ~4% at $6.05 in
premarket trading after posting better-than-expected Q2 rev,
profit
    ** If gains hold, co set to open high for the third
consecutive session
    ** Voyage revenue rose 29% to $117 mln in Q2, driven by nine
vessels acquired in the past six months, decline in off-hire
days for certain vessels - CMRE
    ** Co's EPS, rev tops estimates for the third straight qtr -
Refinitiv data
    ** Stock among the best performers across all exchanges 
    ** Up to Wednesday's close, stock up 32.6% this year

 (Reporting by C Nivedita in Bengaluru)
 ((C.Nivedita@thomsonreuters.com; +1 646 223 8780 ;))