Market Overview

Recap: International Seaways Q3 Earnings

Share:

 

Shares of International Seaways (NYSE:INSW) moved higher by 0.6% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 339.02% year over year to $0.98, which beat the estimate of $0.70.

Revenue of $99,883,000 higher by 40.13% from the same period last year, which beat the estimate of $87,540,000.

Guidance

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

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

Details Of The Call

Date: Nov 06, 2020

Time: 09:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/insw/mediaframe/41454/indexr.html

Recent Stock Performance

52-week high: $31.39

Company's 52-week low was at $12.44

Price action over last quarter: down 13.84%

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.

 

Related Articles (INSW)

View Comments and Join the Discussion!

Posted-In: Earnings News