The Athens-based owner of bulkers and containerships reported a quarterly net loss of $3.74m, down from $3.81m in the same period of 2013.

The $0.07 loss per share hit the target of the average analyst prediction, according to Thomson Reuters data.

Euroseas saw its revenue grow to $9.95m in the third quarter, from $9m a year earlier. But its operating expense also grew, finishing the reporting period at $12.9m