The Nasdaq-quoted bulker and boxship operator turned in a loss of $5m, which was slightly better than the $8.9m deficit it posted 12 months prior.
The result amounted to $0.09 in lost earnings per share, which means Euroseas missed the Wall Street consensus forecast by five cents, according to Thompson Reuters.
In a note to investors finance chief Tasos Aslidis said the red ink reflects what he described as the “depressed” state of the bulker and containership segments.
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