DHT Holdings: 2Q Earnings Snapshot
HAMILTON, Bermuda (AP) _ DHT Holdings Inc. (DHT) on Tuesday reported a loss of $10.5 million in its second quarter.
On a per-share basis, the Hamilton, Bermuda-based company said it had a loss of 7 cents. Losses, adjusted for non-recurring costs, came to 3 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 3 cents per share.
The independent oil tanker company posted revenue of $106.2 million in the period. Its adjusted revenue was $61.2 million, topping Street forecasts. Three analysts surveyed by Zacks expected $59.4 million.
DHT Holdings shares have climbed 40% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $5.49, a climb of 25% in the last 12 months.