DryShips beats by $0.18; beats on revs; sees positive Fy080 outlook (56.14 +1.89) : Reports Q2 (Jun) earnings of $1.59 per share, excluding $1.52 gain, $0.18 better than the Reuters Estimates consensus of $1.41; revenues rose year/year to $120.9 mln vs the $101.18 mln consensus, up from prior revs of $10.5 mln. "The outlook for 2008 remains positive with fewer vessels being delivered from the shipyards and Chinese demand projected to remain strong. DRYS will have ~17% more fleet operating days compared to 2007 and with ~97% of its fleet operating days unfixed it is in a unique position to take full advantage of this opportunity."
DRYS also has over 9% short interest. they just reported a half hour ago and its flying. i expect DRYS to open near 62 tomorrow.
DRYS also has over 9% short interest. they just reported a half hour ago and its flying. i expect DRYS to open near 62 tomorrow.