Diana Shipping Earnings: Here’s Why Investors are Not Excited Now
Diana Shipping Inc. (NYSE:DSX) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 4.08%.
Diana Shipping Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased to $-0.04 in the quarter versus EPS of $0.25 in the year-earlier quarter.
Revenue: Decreased 26.77% to $42.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Diana Shipping Inc. reported adjusted EPS loss of $0.04 per share. By that measure, the company missed the mean analyst estimate of $-0.03. It beat the average revenue estimate of $41.54 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…