Performance Shipping Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2024
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Performance Shipping Inc. reported a decrease in net income for Q4 2024 compared to the same period in 2023, with net income of $9.7 million and earnings per share of $0.74 and $0.25.
February 20, 2025 | 2:45 pm
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NEGATIVE IMPACT
Performance Shipping Inc. reported a significant decrease in net income for Q4 2024 compared to Q4 2023, with net income of $9.7 million and earnings per share of $0.74 and $0.25.
The significant drop in net income from $25 million in Q4 2023 to $9.7 million in Q4 2024 is likely to negatively impact investor sentiment and the stock price in the short term. The decrease in earnings per share further supports this negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100