Seaspan Corp. (NYSE: SSW) reversed year ago losses to post a first quarter profit of 31 cents per share compared with a loss of 65 cents per share last year but revenue fell short of estimates and the company slashed its dividend. Shares of the containership company plummeted $3.70 to $7.10.
Seaspan Falls Short
April 28, 2009 at 13:56 PM EDT
