Diana Shipping: 3Q Earnings Snapshot

December 2, 2019 GMT

ATHENS, Greece (AP) _ Diana Shipping inc. (DSX) on Monday reported third-quarter earnings of $1.8 million.

The Athens, Greece-based company said it had net income of less than 1 cent on a per-share basis. Earnings, adjusted for non-recurring costs, came to 1 cent per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The shipping company posted revenue of $50.2 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $51.6 million.

The company’s shares closed at $3.48. A year ago, they were trading at $3.44.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DSX at https://www.zacks.com/ap/DSX