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Ardmore Shipping: 3Q Earnings Snapshot

PEMBROKE, Bermuda (AP) _ Ardmore Shipping Corp. (ASC) on Wednesday reported a loss of $12.2 million in its third quarter.

The Pembroke, Bermuda-based company said it had a loss of 37 cents per share.

The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 33 cents per share.

The shipping company posted revenue of $48.9 million in the period. Its adjusted revenue was $24.5 million, which also missed Street forecasts. Six analysts surveyed by Zacks expected $26.2 million.

Ardmore Shipping shares have declined 11 percent since the beginning of the year. The stock has fallen 16 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ASC at https://www.zacks.com/ap/ASC