Nordic American: 2Q Earnings Snapshot

Nordic American: 2Q Earnings Snapshot

Associated Press
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HAMILTON, Bermuda (AP) _ Nordic American Offshore Ltd. (NAO) on Friday reported a loss of $10.1 million in its second quarter.

On a per-share basis, the Hamilton, Bermuda-based company said it had a loss of 16 cents.

The supplier for offshore platforms posted revenue of $4.2 million in the period.

In the final minutes of trading on Friday, the company's shares hit 94 cents. A year ago, they were trading at $1.20.

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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 NAO at https://www.zacks.com/ap/NAO

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