GasLog: 3Q Earnings Snapshot
MONACO (AP) _ GasLog LP (GLOG) on Wednesday reported a third-quarter loss of $13.5 million, after reporting a profit in the same period a year earlier.
The company said it had a loss of 20 cents per share. Earnings, adjusted for non-recurring costs, were 1 cent per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The operator of carriers for natural gas shipping posted revenue of $165.6 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $163.8 million.
GasLog shares have dropped 13% since the beginning of the year. The stock has dropped 37% in the last 12 months.