Rises on Q1 revenue beat

EuroDry

20/05/2021 19:32

** Shares of Greece-based ocean vessel owner  EDRY.O  up as
much as 7.1% at $15.99 - on track for a fifth straight session
of gains
    ** Co's Q1 revenue jumps 69.3% to $8.6 mln, above estimates
of $7.25 mln, according to Refinitiv data
    ** Says, rise in revenue was the result of the higher time
charter rates the vessels earned during Q1 of 2021  urn:newsml:reuters.com:*:nGNX3Cm8Zj
    ** Co has also agreed to acquire M/V Blessed Luck, a
2004-Japanese built Panamax bulker, for $12.12 million.
    ** Stock up ~172% YTD

    

    
    

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))