Costamare: 1Q Earnings Snapshot
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.