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Costamare: 1Q Earnings Snapshot

April 29, 2020 GMT

MONACO (AP) _ Costamare Inc. (CMRE) on Wednesday reported first-quarter net income of $32.8 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the company said it had profit of 21 cents. Earnings, adjusted for non-recurring costs and asset impairment costs, were 27 cents per share.

The shipping company posted revenue of $121.4 million in the period.

Costamare shares have declined 46% since the beginning of the year. The stock has fallen 11% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMRE at https://www.zacks.com/ap/CMRE