Diana Shipping Q3 EPS $0.06 Misses $0.07 Estimate, Sales $62.06M Miss $64.57M Estimate
Portfolio Pulse from Benzinga Newsdesk
Diana Shipping Inc. reported Q3 earnings of $0.06 per share, missing the consensus estimate of $0.07, representing a 14.29% miss and an 83.78% decrease from the previous year's $0.37 per share. Quarterly sales were $62.06M, falling short of the $64.57M estimate by 3.88% and marking a 15.92% decrease from the prior year's $73.81M.
November 15, 2023 | 2:03 pm
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NEGATIVE IMPACT
Diana Shipping missed Q3 EPS and sales estimates, with significant decreases compared to the same quarter last year.
Missing both earnings and revenue estimates, especially with such a significant year-over-year decline, is typically seen as a negative indicator for a company's financial health and often results in a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100