Odyssey Marine Swings To Profit

(RTTNews) - Odyssey Marine Exploration Inc. (OMEX) Tuesday reported fourth-quarter net profit of $10.8 million or $0.13 per share, compared with a loss of $0.9 million or $0.01 per share in the prior year.

On average, two analysts polled by Thomson Reuters estimated earnings of $0.12 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue for the quarter jumped to $17.2 million from $7.9 million last year. Analysts projected revenue of $20 million.

Growth was due mainly to the sale of the SS Gairsoppa shipwreck silver bullion, the company said.