Surges on Q3 earnings beat

EuroDry

12/11/2020 15:00

** Shares of Greece-based vessel owner  EDRY.O  more than
double to $9.13
    ** Stock touches highest in over three months
    ** After market hours on Wednesday, co reported qtrly profit
of 6 cents/shr, while analysts expected a loss of 41 cents/shr,
according to IBES data from Refinitiv  urn:newsml:reuters.com:*:nGNXbwxNjt
    ** CEO Aristides Pittas says EDRY "benefited from gradually
improving charter markets as a result of the re-opening of most
economies after the pandemic-related lockdowns"
    ** Revenue stood at $6.8 mln, also beating est. of $6.3 mln
    ** Stock fell 42% this year, as of last close

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com))