Seaspan Q1 Profit Declines - Quick Facts

(RTTNews) - Seaspan Corporation (SSW) reported that its first-quarter net income decreased to $18.03 million or $0.03 per share, from $55.61 million or $0.53 per share, previous year. Normalized earnings per share, converted, was $0.18 for the quarter.

On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.22 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $167.98 million from $164.92 million. Analysts expected revenue of $170.29 million for the quarter.

The company declared a $0.345 per share common dividend for the first quarter, representing a 10% increase over the fourth quarter 2013 dividend.