{"id":27671,"date":"2014-08-07T09:46:53","date_gmt":"2014-08-07T13:46:53","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=27671"},"modified":"2014-08-07T09:46:53","modified_gmt":"2014-08-07T13:46:53","slug":"dryships-inc-nasdaqdrys-reports-net-gaap-loss-of-5-6-million-well-below-the-zacks-consensus-estimate","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/dryships-inc-nasdaqdrys-reports-net-gaap-loss-of-5-6-million-well-below-the-zacks-consensus-estimate-27671","title":{"rendered":"DryShips Inc. (NASDAQ:DRYS) Reports Net GAAP Loss of $5.6 million, Well Below the Zacks Consensus Estimate"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 08\/07\/2014 (wallstreetpr) \u2013 <b>DryShips Inc. (NASDAQ:DRYS) <\/b>posted its Q2 2014 financial results. Market experts were expecting the company to post a significant loss, but DRYS did better than their expectations. The main reason behind the <a href=\"http:\/\/www.nasdaq.com\/article\/dryships-q2-loss-narrower-than-expected-revenue-ebitda-up-analyst-blog-cm377536\">excellent<\/a> performance of the company is but the extraordinary business in all three departments i.e. Drybulk Carrier, Offshore Drilling and Oil Tanker. As soon as\u00a0DryShips Inc. (NASDAQ:DRYS) reported the financial results, share price of its stocks went up by 7.04% in aftermarket trade on NASDAQ.<b><br \/>\n<\/b><\/p>\n<p style=\"text-align: justify;\"><b>Quick Glance at Financial Results: <\/b><\/p>\n<p style=\"text-align: justify;\">DRYS posted a net GAAP loss of 1 cent per share or $5.6 million for Q2 2014 which was less than the loss (2 cents per share or total $18.2 million) that it had to bear a year ago. According to Zacks Consensus Estimate the loss figure should have been around 5 cents per share in the Q2 2014, but DRYS did pretty well to keep the loss figure well below the market&#8217;s expectations. DRYS did pretty well in terms of quarterly revenue figures. According to reports, the total revenues earned by the company touched a hefty figure of $527.7 million in comparison to Zacks Consensus Estimate of $434 million.\u00a0DryShips Inc. (NASDAQ:DRYS) grew at an unbelievable rate of 57% on YOY basis which was an amazing performance, especially in such fluctuating global market conditions.<\/p>\n<p style=\"text-align: justify;\">The main reason behind company&#8217;s negative profits year on year is but the operating cost.\u00a0DryShips Inc. (NASDAQ:DRYS) is not able to control its operating expenses which lead to loss. In the Q2 2014, its operating expenses were totaled at $396.8 million. If you compare this figure with last year&#8217;s, then you can clearly see a growth rate of 33.6%. One of the major reasons behind increased operating cost is higher drilling rig operating cost. DRYS managed to post $39.1 million as operating income in Q1 while the OE touched $130.9 million mark in Q2, which was a positive point from DRYS&#8217; point of view.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 08\/07\/2014 (wallstreetpr) \u2013 DryShips Inc. (NASDAQ:DRYS) posted its Q2 2014 financial results. Market experts were expecting the company to post a significant loss, [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":20113,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[3353,983],"stock_ticker":[],"class_list":["post-27671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-dryships-inc-nasdaqdrys","tag-nasdaqdrys","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>DryShips Inc. 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Market experts were expecting the company to post a significant loss, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/dryships-inc-nasdaqdrys-reports-net-gaap-loss-of-5-6-million-well-below-the-zacks-consensus-estimate-27671\" \/>\n<meta property=\"og:site_name\" content=\"Wall Street PR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WallStreetPR\/\" \/>\n<meta property=\"article:published_time\" content=\"2014-08-07T13:46:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2014\/04\/dryships-inc-logo.gif\" \/>\n\t<meta property=\"og:image:width\" content=\"264\" \/>\n\t<meta property=\"og:image:height\" content=\"72\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/gif\" \/>\n<meta name=\"author\" content=\"Brendan Byrne\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Brendan Byrne\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/dryships-inc-nasdaqdrys-reports-net-gaap-loss-of-5-6-million-well-below-the-zacks-consensus-estimate-27671#article\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/dryships-inc-nasdaqdrys-reports-net-gaap-loss-of-5-6-million-well-below-the-zacks-consensus-estimate-27671\"},\"author\":{\"name\":\"Brendan Byrne\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/63a75bf2d685d9d351a6f01cfc69b511\"},\"headline\":\"DryShips Inc. 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