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DryShips volatile after earnings spilled

Published 05/10/2017, 04:26 PM
© Reuters.  DryShips volatile after earnings spilled
DRYS
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  • DryShips (NASDAQ:DRYS) is up 13% in volatile AH trading after spilling Q1 numbers.
  • Net voyage revenue was $11.81M during the quarter.
  • Some traders tend to look at balance sheet items on shippers before P&L, and on that note DryShips ended the quarter with cash of ~$341M, book value of vessels of ~$286M and a Sifnos Loan Facility balance of ~$200M.
  • The serial share splitter ended the quarter with 67,401,964 shares outstanding .
  • Previously: DryShips reports Q1 results (May 10)
  • Now read: DryShips Presents A Unique Buying Opportunity For New Investors


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