10:02 am Drybulk Shipping Play Diana Shipping Down 3% Following Quarterly Results
Diana Shipping (DSX 6.76 -0.17) is trading 3% lower this morning after reporting fourth quarter results this morning.
The company reported a quarterly loss of $0.10 per share, which came in a little worse than expectations. On the top line, revenues rose 16.7% year/year to $46.1 million, which topped expectations.
Time charter revenues were $46.1 million for the fourth quarter of 2014, compared to $39.5 million for the same quarter of 2013.
- This increase was mainly due to the increase in ownership …More