Diana Shipping: 3Q Earnings Snapshot
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.