Diana Containerships Inc (DCIX) Releases Earnings Results, Misses Expectations By $-0.26 EPS

Diana Containerships Inc (DCIX) reported quarterly earnings results on Wednesday, Jul-27-2016. The company reported $-0.88 earnings per share for the quarter, missing the analyst consensus estimate by $-0.26. Analysts had a consensus of $-0.62. The company posted revenue of $7.99 million in the period, compared to analysts expectations of $10.76 million. The company’s revenue was down -53.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS.

Diana Containerships Inc opened for trading at $3.45 and hit $3.75 on the upside on Thursday, eventually ending the session at $3.66, with a gain of 3.20% or 0.1136 points. The heightened volatility saw the trading volume jump to 10,340 shares. Company has a market cap of $34 M.

Diana Containerships Inc. is a global provider of shipping transportation services through its ownership of containerships. The Company’s vessels are employed primarily on time charters with liner companies that are carrying containerized cargo along shipping routes. Each of the Company’s vessels is owned by its separate wholly owned subsidiaries. The commercial and technical management of its fleet as well as providing administrative services relating to the fleet’s operations are carried out by its wholly owned subsidiary Unitized Ocean Transport Limited (UOT). The Company’s fleet consists of approximately seven panamax and four post-panamax containerships with a combined carrying capacity of 52359 twenty-foot equivalent units and a weighted average age of 11.2 years. The Company’s vessels include Sagitta Centaurus Santa Pamina Cap Domingo Puelo Pucon and Cap Doukato among others.

Diana Containerships Inc

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