Costamare Q4 Profit Rises

(RTTNews) - Costamare Inc. (CMRE) Monday reported fourth-quarter net income of $25.9 million or $0.35, up from $22.9 million or $0.31 per share last year.

Adjusted income for the quarter improved to $30.5 million or $0.41 per share from $23.6 million or $0.32 per share last year. On average, ten analysts polled by Thomson Reuters expected earnings of $0.39 per share for the quarter. Analysts' estimates typically exclude one-time items.

Voyage revenues for the quarter increased to $112.5 million from $95.2 million last year. Analysts estimated revenues of $119.46 million for the quarter.