DryShips (DRYS) shares closed trading up 2.74% to $1.50 on heavy volume on Thursday, continuing to gain following the release of its earnings results after yesterday's closing bell.
The Greek shipping company reported third quarter earnings of $16.7 million, or 9 cents per diluted share on an adjusted basis, ahead of analysts' 5 cents per share profit expectations.
The company generated $602 million in revenue during the period, ahead of the $404 million it reported during the same period last year and significantly ahead of the $558 million analysts were expecting for the quarter.