Diana Shipping Q2 EPS $0.09 Misses $0.14 Estimate, Sales $67.38M Miss $70.20M Estimate
Portfolio Pulse from Happy Mohamed
Diana Shipping (NYSE:DSX) reported Q2 earnings of $0.09 per share, missing the analyst consensus estimate of $0.14 by 35.71%. This is a 78.57% decrease from the same period last year. The company also reported quarterly sales of $67.38 million, missing the analyst consensus estimate of $70.20 million by 4.02%. This is a 9.59% decrease from the same period last year.
August 01, 2023 | 1:45 pm
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NEGATIVE IMPACT
Diana Shipping's Q2 earnings and sales missed estimates, with a significant YoY decrease. This could negatively impact the company's stock price in the short term.
Diana Shipping's earnings and sales for Q2 have both missed estimates, and have significantly decreased compared to the same period last year. This could lead to a decrease in investor confidence, and subsequently, a decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100