Tsakos Energy Navigation Q3 EPS $0.83 Down From $1.48 YoY, Sales $186.66M Down From $223.74M YoY
Portfolio Pulse from Benzinga Newsdesk
Tsakos Energy Navigation (TNP) reported a decrease in Q3 earnings to $0.83 per share from $1.48 YoY, and a sales decline to $186.66M from $223.74M YoY.
November 21, 2023 | 2:07 pm
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Tsakos Energy Navigation reported a significant drop in Q3 EPS and sales compared to last year, indicating potential negative investor sentiment.
The reported decrease in both earnings per share and sales for Tsakos Energy Navigation is a strong indicator of underperformance compared to the previous year. This typically leads to negative investor sentiment and could result in a short-term decline in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100