Diana Shipping: 2Q Earnings Snapshot
Diana Shipping: 2Q Earnings Snapshot
ATHENS, Greece (AP) _ Diana Shipping inc. (DSX) on Thursday reported second-quarter net income of $2 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Athens, Greece-based company said it had profit of less than 1 cent.
The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The shipping company posted revenue of $53.4 million in the period. Its adjusted revenue was $52.7 million, also topping Street forecasts. Five analysts surveyed by Zacks expected $50.9 million.
The company's shares closed at $4.62. A year ago, they were trading at $4.02.
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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 DSX at https://www.zacks.com/ap/DSX