Why Dryships (drys) Stock Is Up In After-hours Trading Today

NEW YORK (TheStreet) -- DryShips rose in after-hours trading Tuesday after the bulk shipping company reported second-quarter earnings results that beat analysts' expectations. The company's net loss narrowed year-over-year to $5.6 million, or a penny a share, from $18.2 million, or 5 cents a share. Revenue totaled $497.3 million for the quarter, divided into $441.4 million for the offshore drilling segment, $41.7 million for the drybulk carrier segment and $14.2 million for the tanker segment.

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