Nordic American Tankers' Stellar Q1 Earnings: Beats Consensus With 461% YoY Revenue Boost
Portfolio Pulse from Akanksha Bakshi
Nordic American Tankers Limited (NYSE:NAT) reported a 461.1% YoY revenue increase to $87.09 million in Q1 FY23, beating the consensus of $80.03 million. EPS improved to $0.22, beating the consensus of $0.20. The company's shares are trading higher by 6.22% at $3.93 premarket on Monday.
May 22, 2023 | 1:03 pm
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Nordic American Tankers reported a 461.1% YoY revenue increase in Q1 FY23, beating consensus estimates. Shares are trading higher by 6.22% premarket.
Nordic American Tankers reported strong Q1 FY23 results, with a 461.1% YoY revenue increase and EPS improvement, both beating consensus estimates. This positive news is likely to have a short-term positive impact on the company's stock price, as evidenced by the 6.22% premarket increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100