The Nasdaq-listed bulker, tanker and rig operator watched its stock plummet 6.06% before bottoming out at around $1.86 in the hour following the close.

The sell-off followed the release of an earnings report in which DryShips posted a fourth-quarter deficit of $129.8m, versus $6.2m worth of red ink in the comparable stretch a year prior.

Excluding a costly class survey and losses from the sale of two suezmax tanker newbuildings, the result would have amounted to a net loss of $59.9m