Benzinga | Jul 27, 2020 05:04PM EDT

Recap: Costamare Q2 Earnings

Shares of Costamare (NYSE:CMRE) were unchanged in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were up 13.04% year over year to $0.26, which beat the estimate of $0.21.

Revenue of $111,869,000 declined by 4.41% from the same period last year, which missed the estimate of $120,410,000.

Outlook

Costamare hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Recent Stock Performance

52-week high: $10.85

52-week low: $3.16

Price action over last quarter: Up 1.99%

Company Description

Costamare Inc is an owner of containerships in Monaco. It provides marine transportation services by chartering its container vessels to liner operators under long, medium and short-term time charters. The company's fleet of vessels includes Cosco Guangzhou, Cosco Ningbo, Cosco Yantian, Vantage, Valor, Valiant and Maersk Kobe, and among others. Costamare provides services to ocean carriers that demand a high standard of safety and reliability. It generates its revenues from time charters.