CORRECTION: International Seaways Q1 2024 GAAP EPS $2.92 Beats $2.29 Estimate, Shipping Revenues $274.4M Beat $249.097M Estimate
Portfolio Pulse from Benzinga Newsdesk
International Seaways (INSW) reported a Q1 2024 GAAP EPS of $2.92, surpassing the $2.29 estimate. Shipping revenues reached $274.4M, exceeding the $249.097M estimate.
May 08, 2024 | 3:11 pm
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International Seaways reported a strong Q1 2024 performance with both GAAP EPS and shipping revenues beating estimates.
Beating both earnings and revenue estimates significantly is a strong positive signal to investors, likely leading to increased investor confidence and a potential rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100