Genco Shipping & Trading Q3 Adj EPS $(0.09) Beats $(0.11) Estimate, Sales $83.36M Beat $47.48M Estimate
Portfolio Pulse from bharat@benzinga.com
Genco Shipping & Trading (NYSE:GNK) reported Q3 adjusted EPS of $(0.09), beating the estimate of $(0.11) by 18.18%. This is a 109% decrease from last year's earnings. The company also reported quarterly sales of $83.36M, beating the estimate of $47.48M by 75.57%, but a 38.69% decrease from last year's sales.
November 08, 2023 | 9:39 pm
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NEUTRAL IMPACT
Genco Shipping & Trading's Q3 results beat estimates but showed significant decreases from last year.
While Genco Shipping & Trading beat estimates for Q3, the significant decreases in both EPS and sales from the same period last year could potentially concern investors, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100