Get prepared with the key expectations. Euroseas employs its vessels on spot and period charters and through pool arrangements. Shares of Euroseas (NASDAQ:ESEA) remained unaffected after the company reported Q1 results. The Company's definition of Adjusted net (loss) / income and Adjusted (loss) / earnings per share may not be the same as that used by other companies in the shipping or other industries. Find the latest news headlines from Euroseas Ltd. Common Stock (Marshall Islands) (ESEA) at Nasdaq.com. Euroseas trades on the NASDAQ Capital Market under the ticker ESEA. in Shipping. Dollars) Three Months Ended June 30, 2019Three Months Ended June 30, 2020Six Months Ended June 30, 2019Six Months Ended June 30, 2020 Net (loss) / income(749,583)1,290,319 (765,615)3,247,415 Interest and other financing costs, net (incl. Skip to content. Euroseas (ESEA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. The Company expenses drydocking expenses as incurred. Aristides Pittas, Chairman and CEO of Euroseas commented: “The second quarter of 2020 turned out to be highly profitable despite the challenges of the pandemic which affected the charter rates of our vessels in the second half of the period and the numerous operational difficulties that we encountered. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Find the latest Euroseas Ltd. (ESEA) stock quote, history, news and other vital information to help you with your stock trading and investing. Our definition of TCE may not be comparable to that used by other companies in the shipping industry. Excluding the effect on the income attributable to common shareholders for the quarter of the unrealized loss on derivatives and the amortization of below time market charters acquired, the adjusted earnings per share attributable to common shareholders for the quarter ended June 30, 2020 would have been $0.25, compared to adjusted loss of $1.14 per share basic and diluted for the quarter ended June 30, 2019. The new rate will commence on October 30th 2020.Furthermore, the charterers of C/V Synergy Oakland have declared their option to extend her charter for another 8-12 months at a rate that is determined by the Contex-4,250 Index less 10%. Adjusted net income attributable to common shareholders1 for the period was $1.4 million or $0.25 per share basic and diluted. We calculate commercial fleet utilization by dividing our available days net of commercial off-hire days during a period by our available days during that period. Includes articles, videos and real-time news from StockTwits. (5) Commercial off-hire days. laid-up (3)0.0 210.3 36.4 210.3 Available days for fleet (4) = (2) - (3)1,001.0 1,518.7 1,954.6 3,247.7 Commercial off-hire days (5)32.8 81.6 38.4 99.8 Operational off-hire days (6)0.2 3.9 0.5 69.7 Voyage days for fleet (7) = (4) - (5) - (6)968.0 1,433.2 1,915.7 3,078.2 Fleet utilization (8) = (7) / (4)96.7%94.4%98.0%94.8% Fleet utilization, commercial (9) = ((4) - (5)) / (4)96.7%94.6%98.0%96.9% Fleet utilization, operational (10) = ((4) - (6)) / (4)100.0%99.7%100.0%97.9% AVERAGE DAILY RESULTS Time charter equivalent rate (11)8,307 9,458 8,693 9,541 Vessel operating expenses excl. But will... — Euroseas Ltd. (NASDAQ: ESEA) reported a fourth-quarter 2019 adjusted loss of $0.32 per share versus a loss of $0.20 per share expected. Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed.