10:36 AM EDT, 07/31/2024 (MT Newswires) -- Costamare ( CMRE ) shares rose more than 4% in recent trading Wednesday after the company reported better-than-expected quarterly results.

The Athens-based provider of containerships for charter reported Q2 adjusted earnings of $0.77 per share, up from $0.56 a year earlier.

Two analysts polled by Capital IQ expected $0.72.

Voyage revenue for the quarter ended June 30 was $477.5 million, up from $365.9 million a year earlier. One analyst in a Capital IQ survey projected revenue of $333.7 million.

Price: 14.58, Change: +0.61, Percent Change: +4.37