Brief: Eurodry Reports Quarterly Adjusted Loss Per Share Of $0.21 Excluding Items

EuroDry

23/05/2019 21:28

May 23 (Reuters) - EuroDry Ltd  EDRY.O :
    * . REPORTS RESULTS FOR THE QUARTER ENDED MARCH 31, 2019
    * Q1 REVENUE ROSE 24.7 PERCENT TO $5.8 MILLION
    * QUARTERLY ADJUSTED LOSS PER SHARE $0.21 EXCLUDING ITEMS
    * Q1 EARNINGS PER SHARE $0.18
    * IN Q1, DRYBULK MARKETS CONTINUED DECLINING TREND OF Q4
2018 AS
THEY WERE AFFECTED BY TRADE UNCERTAINTIES AND IRON ORE SUPPLY
DISRUPTIONS
    * BELIEVE RECENT MARKET SLOWDOWN IS DUE TO SHORT TERM
FACTORS
    * BELIEVE THAT IN MEDIUM AND LONG TERM, FUNDAMENTAL
SUPPLY-DEMAND
BALANCE IS SUPPORTIVE OF AN IMPROVING DRYBULK MARKET

Source text for Eikon:  ID:nGNX80TWbK 
Further company coverage:  EDRY.O 

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