Overseas Shipholding Gr Q2 EPS $0.15 Up From $0.04 YoY, Sales $106.63M Down From $117.98M YoY
Portfolio Pulse from Benzinga Newsdesk
Overseas Shipholding Gr (NYSE:OSG) reported Q2 earnings of $0.15 per share, a 275% increase YoY. However, sales decreased by 9.63% to $106.63M compared to $117.98M in the same period last year.
August 07, 2023 | 11:30 am
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NEUTRAL IMPACT
Overseas Shipholding Gr reported a significant increase in Q2 earnings but a decrease in sales YoY.
The company's earnings have significantly increased, which is a positive sign. However, the decrease in sales could indicate potential issues with demand or pricing, which could negatively impact the stock. The net effect on the stock is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100