Global Ship Lease Q3 Adj. EPS $2.33 Beats $2.15 Estimate, Sales $174.53M Beat $163.82M Estimate
Portfolio Pulse from Benzinga Newsdesk
Global Ship Lease (NYSE:GSL) reported Q3 earnings of $2.33 per share, beating the analyst consensus estimate of $2.15 by 8.37%. However, this is a 2.1% decrease from the same period last year. The company also reported quarterly sales of $174.53 million, beating the analyst consensus estimate of $163.82 million by 6.54%, and marking a 1.16% increase from the same period last year.
November 09, 2023 | 1:04 pm
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Global Ship Lease reported better than expected Q3 earnings and sales, but saw a slight decrease in earnings compared to the same period last year.
The company's earnings and sales beat estimates, which is generally positive for the stock. However, the slight decrease in earnings compared to the same period last year might temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100