CMRE - Costamare Shares Slip Post Q3 Earnings Miss Records 37% Revenue Growth | Benzinga
Costamare Inc (NYSE: CMRE) reported a third-quarter FY23 Voyage revenue growth of 37.2% year-over-year to $397.34 million, beating the consensus of $310.53 million.
Adjusted EPS was $0.46, missing the consensus of $0.66.
The company repurchased 882,316 common shares, for a total consideration of $10 million, during the quarter.
Voyage expenses expanded to $84.8 million from $14.2 million in the third quarter of 2022.
CMRE ended the quarter ...