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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.

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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