Diana Shipping Posts Q1 Earnings Above Street View
Portfolio Pulse from Shivani Kumaresan
Diana Shipping Inc (DSX) reported Q1 FY23 sales growth of 10.2% YoY to $72.64 million, beating the analyst consensus estimate of $67.50 million. EPS of $0.22 also beat the estimate of $0.14. The company declared a dividend of $0.15 per share, and its shares are trading higher by 5.62% at $3.76.
May 26, 2023 | 2:35 pm
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POSITIVE IMPACT
Diana Shipping's Q1 FY23 sales and EPS beat estimates, with shares trading higher by 5.62% at $3.76. The company declared a dividend of $0.15 per share.
Diana Shipping's better-than-expected Q1 FY23 sales and EPS results are likely to have a positive short-term impact on its stock price. The company's declaration of a dividend also adds to the positive sentiment, as it indicates confidence in its financial performance. The 5.62% increase in share price at the time of publication further supports this analysis.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100