Diana Containerships Inc (NASDAQ: DCIX) is having an overwhelmingly strong start to the trading session in the pre-market hours today, and for good reason. The company reported its earnings for the second quarter, causing excitement among investors and leading to gains. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (9:19), DCIX is trading at $0.73 per share after a gain of $0.23 per share (45.98%) thus far today.
DCIX Flies On Earnings
As mentioned above, Diana Containerships is having an overwhelmingly strong start to the day in the pre-market hours after reporting its earnings for the second quarter. The earnings showed incredible year-over-year growth. Here's what we saw:
- Sales – While sales came in a bit lower than expected, earnings per share clearly blew expectations out of the water. We'll get to earnings in a second; let's start with sales. During the quarter, analysts expected that DCIX would generate $6.8 million in sales. However, the company actually generated sales in the amount of $5.498 million.
- Earnings – While sales didn't quite hit the mark, earnings definitely proved to be great. During the second quarter, the company generated earnings per share in the amount of $17.27. That's an incredible jump from the loss of $6.13 per share that the company experienced in the same quarter last year.
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What We'll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on DCIX. In particular, we're interested in seeing if the company can keep the exceptional earnings growth coming. Nonetheless, we'll continue to follow the story closely and bring the news to you as it breaks!
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