Nordic American Tankers Misses Q2 Earnings; Achieves Solid Average Time Charter Equivalent
Portfolio Pulse from Lekha Gupta
Nordic American Tankers Ltd (NYSE:NAT) reported Q2 FY23 revenue of $67.80 million, missing the consensus of $68.32 million. EPS improved to $0.13, missing the consensus of $0.14. The company declared a dividend per share of $0.13. NAT shares are trading lower by 0.37% at $4.08.
August 28, 2023 | 4:16 pm
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Nordic American Tankers missed Q2 FY23 revenue and EPS consensus, but declared a dividend per share of $0.13. Shares are trading lower.
Nordic American Tankers missed the consensus for both revenue and EPS for Q2 FY23, which could negatively impact investor sentiment and put downward pressure on the stock price. However, the company declared a dividend, which could provide some support to the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100