Doral Financial Corp. (NYSE:DRL) up by 14.14%, DryShips Inc. (NASDAQ:DRYS)

Posted by Chris Bell May 17, 2013 0 Comment 621 views


Miami, FL 05/17/2013 (GDPInsider) Doral Financial Corp. (NYSE:DRL) on Thursday traded up by 14.14% to close at $1.01, with total traded volumes of 3.71 million in comparison to its average volume of 0.764 million shares. The market capitalization of the company is $131.91 million at the current price levels. The stock traded below its 52-week high of $1.59 and is above its 52-week low of $0.52. The bank holding company Doral Financial with operations in Puerto Rico and the United States, recently announced the financial earnings for the first quarter ended 31 March, 2013. The bank reported a net loss of $12.4 million for the first quarter, compared to net income of $2.6 million for the first quarter of 2012. Doral Financial’s net interest income for the first quarter was $60.7 million, an increase of $8.0 million when compared to the first quarter of 2012. As of March 31, 2013, Doral had total assets of $8.4 billion.

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DryShips Inc. (NASDAQ:DRYS) on Thursday traded up by 12.24% to close at $2.10, with total traded volumes of 24.89 million in comparison to its average volume of 2.94 million shares. The market capitalization of the company is $847.90 million at the current price levels. The stock traded below its 52-week high of $2.74 and is above its 52-week low of $1.46. For the fourth quarter of 2012, DryShips Inc., a provider of ocean transportation services, announced a net loss of $129.8 million, or $0.34 earnings per share, for the quarter ended December 31, 2012, as compared to a net loss of $6.2 million, or $0.02 earnings per share, for the same quarter 2011. Adjusted EBITDA was $109.5 million for the fourth quarter of 2012, as compared to $169.0 million for the same period in 2011. The company is expected to release its 2013 first quarter results during late May, or early June. However, Wall Street analysts estimate for a loss of $0.10 earnings per share for DryShips Inc’s first quarter.

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About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

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