Keeping It Simple

[eastunder]

Is it me or is Knobias just wrong on this;

http://www.knobias.com/story.htm?eid=3.1.01d7aa2540f93c97818b6527a234016156905079883d1cbbd4a9d436a3c1dce5

EXM: Q1 Adj EPS 11c vs 1c EPS +1,000% Y/Y
Monday , May 02, 2011 16:40ET

QUARTER RESULTS
Excel Maritime Carriers Limited (EXM) reported Q1 results ended March 2011. Q1 Revenues were $104.20M; +7.09% vs yr-ago. Q1 EPS was 82c. Adjusted Q1 EPS was 11c; +1,000.00% vs yr-ago.

Q1 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 Revenues:       $104.20M       $97.30M      +7.09%           N/A         N/A 
 ----------  ------------  ------------  ----------  ------------  ---------- 
 EPS:                 82c           N/A         N/A           N/A         N/A 
 Adj EPS:             11c            1c  +1,000.00%           N/A         N/A 
 ----------  ------------  ------------  ----------  ------------  ----------

Q states:

Three-Months ended 
                                                  March 31, 
                                          ------------------------- 
                                              2010         2011                                         ------------------------- 
                                           (amounts in millions of 
                                           U.S Dollars, except per 
                                          share data and daily TCE) 
                                          ------------------------- 
 Voyage Revenues                          $      104.2 $      97.3 
 Net Income (Loss)                        $       67.3 $      (1.0) 
 Adjusted Net Income                      $        8.9 $       0.5 
 Earnings (losses) per Share-Diluted      $       0.82 $     (0.01) 
 Adjusted Earnings per Share-Diluted      $       0.11 $      0.01 
 Adjusted EBITDA                          $       62.0 $      48.0 
 Time Charter Equivalent (TCE) per day    $     24,451 $    19,642

LOOKS like Knobias got their years mixed up, eh? the .11 and .82 were last years? The flip floppers! ;)