Shares of Global Ship Lease (NYSE:GSL) were flat in pre-market trading after the company reported Q1 results.
Earnings per share increased 34.09% year over year to $0.59, which beat the estimate of $0.19.
Revenue of $70,947,000 up by 9.97% from the same period last year, which missed the estimate of $71,110,000.
Earnings guidance hasn't been issued by the company for now.
Global Ship Lease hasn't issued any revenue guidance for the time being.
Conference Call Details
Date: May 12, 2020
Time: 09:01 PM ET
Webcast URL: https://edge.media-server.com/mmc/p/ryhj5d4p
52-week high: $9.25
Company's 52-week low was at $2.61
Price action over last quarter: down 18.34%
Global Ship Lease Inc operates in the container shipping industry. The company owns and charters out containerships under long-term, fixed-rate charters to container liner companies. The majority of the company's revenues are derived from charters to CMA CGM. Its fleet consisted of more than 18 containerships.