GasLog Ltd. Earnings: Here’s Why the Stock is Up Now
GasLog Ltd. (NYSE:GLOG) delivered a profit 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 up 0.66%.
Actual vs. Wall St. Expectations: GasLog Ltd. reported adjusted EPS income of $0.03 per share. By that measure, the company missed the mean analyst estimate of $0.06. It beat the average revenue estimate of $16.75 million.
Quoting Management: Mr. Paul Wogan, Chief Executive Officer, stated “We are pleased today to release our fourth quarter 2012 results, which reflect a continued solid performance and 100% utilization of our existing fleet. Following the dividend paid in the fourth quarter, we are today announcing the payment of a dividend of 11 cents per share, to be paid in the first quarter.”
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