International Seaways: Q2 Earnings Insights

Shares of International Seaways INSW were flat in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 568.63% year over year to $2.39, which missed the estimate of $2.43.

Revenue of $139,725,000 higher by 102.47% year over year, which missed the estimate of $144,500,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

International Seaways hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Aug 07, 2020

Time: 09:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/insw/mediaframe/39892/indexr.html

Price Action

Company's 52-week high was at $31.39

52-week low: $14.89

Price action over last quarter: down 20.90%

Company Overview

International Seaways Inc owns and operates a fleet of oceangoing vessels engaged primarily in the transportation of crude oil and petroleum products. The company's vessel operations are organized into two segments: Crude Tankers and Product Carriers. The fleet consists of ULCC, VLCC, Suezmax, Aframax, and Panamax crude tankers, as well as LR1, LR2 and MR product carriers.