Recap: Nordic American Tankers Q4 Earnings - Nordic American Tankers (NYSE:NAT)

Nordic American Tankers NAT reported its Q4 earnings results on Thursday, February 29, 2024 at 05:23 AM.

Here's what investors need to know about the announcement.

Nordic American Tankers missed estimated earnings by -38.0%, reporting an EPS of $0.08 versus an estimate of $0.13.

Revenue was down $11.84 million from the same period last year.

Last quarter the company missed on EPS by $0.01 which was followed by a 1.0% drop in the share price the next day.

Here's a look at Nordic American Tankers's past performance:

Quarter	Q3 2023	Q2 2023	Q1 2023	Q4 2022
EPS Estimate	0.05	0.14	0.20	0.19
EPS Actual	0.04	0.13	0.22	0.17
Revenue Estimate	59.14M	68.32M	80.03M	74.12M
Revenue Actual	48.04M	67.80M	87.09M	71.10M

To track all earnings releases for Nordic American Tankers visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.