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Seaspan Q2 Profit Surges

Seaspan Corp. (SSW) Tuesday reported second-quarter net earnings of $81.4 million or $0.68 per share, up from $20.0 million or $0.07 per share last year.

Normalized earnings for the quarter were $0.22 per share, up from $0.19 per share last year.

Revenues for the quarter were $199.2 million, up from $173.9 million last year.

Analysts polled by Thomson Reuters estimated earnings of $0.24 per share on revenues of $199.12 million for the quarter. Analysts' estimates typically exclude special items.

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