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Ardmore Shipping reports 3Q loss

HAMILTON, Bermuda (AP) _ Ardmore Shipping Corp. (ASC) on Wednesday reported a loss of $4.6 million in its third quarter.

The Hamilton, Bermuda-based company said it had a loss of 14 cents per share.

The results matched Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for a loss of 14 cents per share.

The shipping company posted revenue of $48.7 million in the period. Its adjusted revenue was $30.4 million, surpassing Street forecasts. Five analysts surveyed by Zacks expected $30 million.

Ardmore Shipping shares have climbed 12 percent since the beginning of the year. The stock has climbed 42 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