DryShips' results for the company's Q1 have been released. For the quarter, revenues were nearly $320 million, representing a substantial climb from the $247 million in the same period the previous year. However, attributable net loss deepened considerably over the same time frame, to $117 million ($0.30 per diluted share) from Q1 2012's shortfall of $47 million ($0.12).
Much of the most recent quarter's red bottom-line number can be attributed to losses on the sale of four of the company's ships. These totaled $75.3 million ($0.20 per share).
Analysts had been expecting revenue of just over $309 billion, and a per-share loss of $0.10 for DryShips' most recent quarter.
The article DryShips Q1 Loss Widens originally appeared on Fool.com.
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