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CPLP - Capital Product Partners: Still Holds Plenty Of Potential
Capital Product Partners L.P.
Capital Product Partners (CPLP) held its first quarter earnings conference call on the 6th of this month. Earnings per share came in at $0.35, which was a miss of $0.08. This number corresponded to $6.7 million in net profit. Sales came in at $33.69 million for the quarter which only was a slight miss against consensus. Here is the story behind the numbers.
First off, although revenues missed expectations by a slight number, they increased significantly over the corresponding quarter of 2019. In Q1 2019, sales came in at $26.8 million. The reason for the