International Seaways Q2 Adj EPS $3.12 Beats $2.64 Estimate, Sales $292.20M Beat $253.36M Estimate
Portfolio Pulse from Benzinga Newsdesk
International Seaways (NYSE:INSW) reported Q2 adjusted earnings of $3.12 per share, beating the analyst consensus estimate of $2.64 by 18.18%. This is a 118.18% increase from the same period last year. The company also reported quarterly sales of $292.20 million, surpassing the analyst consensus estimate of $253.36 million by 15.33%, a 55.26% increase from the same period last year.
August 09, 2023 | 10:46 am
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International Seaways reported strong Q2 results, beating both earnings and sales estimates. This positive financial performance could potentially lead to a short-term increase in the company's stock price.
International Seaways reported a significant increase in both earnings and sales compared to the same period last year, and also beat analyst estimates. This strong financial performance is typically viewed positively by investors and could lead to increased demand for the company's stock, potentially driving up its price in the short term.
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