DRYS beats by $0.08, beats on revs Reports Q1 (Mar) earnings of $4.13 per share, $0.08 better than the First Call consensus of $4.05; revenues rose 167.8% year/year to $232.1 mln vs the $218.6 mln consensus. the co reported an average number of vessels operated of 38.3 at an average day rate of $63,127 , which compares with the prior period of 32.1 ships at an average day rate of $28,930.
Co says, "The acquisition of Ocean Rig, which already operates two UDW rigs, and the agreement to construct two state of the art drillships creates a significant platform for our foray into this sector. As we have mentioned before, we to spin off this business unit to our shareholders through a U.S. listing within the next 12 month."
Voyage revenue more than doubled to $232.1 million. Net revenue -- which is voyage revenue less voyage expenses -- rose to $217.9 million, compared with $81.4 million, a year earlier.
DryShips, which predominantly deploys its vessels in the spot market, said quarterly time charter equivalent rate surged about 118 percent to $63,127, helped by a strong spot rates.
Average number of vessels deployed during the quarter rose to 38.3 from 32.1, a year ago, and the fleet utilization stood at 99.1 percent.
Shares of the company were trading up about 2 percent at $107 after the bell. They closed at $105 Monday on Nasdaq.
Just a HUGE word of thanks .. recent BRCM, CEO & NVDA option plays were much more than lunch money trades .. just these 3 paid for this month's mortgage payment insurance plus other monthly bills. Coupled with other options .. the monthly bills have been nicely taken care of by equally weighting the option opportunies you have suggested. - Thanks, just the right medicine during a really difficult time!
What's happening right now at T123 is the most exciting thing I've seen since I joined over a year ago. With John giving out exceptional options plays, everyone who follows his direction should be making lots of money. There seems to be better focus and consistency here now than any time during the past year. Thanks to John. Keep it up!
Yozonetrader
To any one that will listen. I joned Trending123.com about 5 mths ago and its one of the best ideas of ever came up with.
1. Better trader.
2. Education and Tools
3. Trade ideas for stocks and option Great .
4. Tradeing Room with JOHN L. founder and monitors like HELLI make the term Traders helping Traders so true .
5. Well i guess I would not be writeing this for the # 1 reason and that would be AWESOME PROFITS !!!!!!
THANKS AGAIN. JOHN L
Gil
JL,
Thanks again for the options plays ... I have gotten into all but 3! Have had fantastic profits so far. Todays sale of the CEO option made me 166% profit.
Keep them coming,
Lana
John
Thanks alot for the options plays here of late. I love the options type education that goes on all the time. I get it because you have taught me. I have made a ton of money from these options picks.
Sincerely thank you so much. I hope this portion of your service will continue and grow.
Loyal subscriber
Luke
JL
The option plays have rocked! Thanks! I have made over $10k in the past 2 weeks thanks to your option plays! Keep 'em coming - I'm looking forward to more great picks and tools I can use to increase my education.
TSmith129
JL
I've gotten in most of your option calls and have made some great money. You are fantastic. You've finally found your true calling. OPTIONS MEISTER! You rock!
Cobra
Thanks John for the recent option plays! I'm only getting started with options but will continue with future plays.
.UVAFE ========> 235% profit
.RCQFF ========> 257% profit
Thanks Again!
BobbyC
John,
I am extremely pleased with your recent introduction to option plays on your site. You are awsome in picking the option plays. my net worth has increase substantially due the option plays you suggested. Most of the options have retuned 100% or more in just a few days to a couple of weeks. keep up this fantastic work. I have been a memember for over 1 year and this is the best I have seen your picks on stocks and options. Thanks for your hard work.
Dave
