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