Ardmore Shipping: 3Q Earnings Snapshot
PEMBROKE, Bermuda (AP) _ Ardmore Shipping Corp. (ASC) on Tuesday reported a loss of $5.7 million in its third quarter.
The Pembroke, Bermuda-based company said it had a loss of 17 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.
The shipping company posted revenue of $52.1 million in the period. Its adjusted revenue was $29.2 million.
Ardmore Shipping shares have increased 77% since the beginning of the year. The stock has risen 18% in the last 12 months.