* Q1 adj EPS $0.14 vs est $0.10
* Q1 revenue falls 1 pct, but beats estimates
May 12 StealthGas Inc (GASS.O), which operates
ships that transport liquefied petroleum gas, reported
first-quarter profit above market estimates, helped by
increased spot market activity.
For the quarter, the Greek company posted a net income of
$1.6 million, or 7 cents a share, compared with $200,000, or 1
cent a share, a year ago.
Excluding items, the company earned 14 cents a share.
Revenue fell 1 percent to $28.8 million.
Analysts on average expected StealthGas to post a profit of
10 cents per share, on revenue of $27.2 million, according to
Thomson Reuters I/B/E/S.
Spot market activity during the quarter increased to 851
spot voyage days, compared with 501 spot voyage days last year.
Shares of the company were up 4 cents at $5.21 Wednesday
morning on Nasdaq.
(Reporting by Vinay Sarawagi in Bangalore; Editing by Maju