Diana Shipping, Inc. (DSX) Tops Q3 EPS by 1c, Sales Top Expectations, Announces $100M Buyback Plan
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Diana Shipping, Inc. (NYSE: DSX) reported Q3 EPS of $0.33, $0.01 better than the analyst estimate of $0.32. Revenue for the quarter came in at $64.2 million versus the consensus estimate of $62.35 million.
The Company has further announced that the Board of Directors has authorized a new share repurchase program for up to U.S. $100 million of the Company's common shares, which may be repurchased from time to time until December 31, 2012. The new authorization replaces the Company's previous share repurchase program, which was scheduled to expire on December 31, 2011.
The Company has further announced that the Board of Directors has authorized a new share repurchase program for up to U.S. $100 million of the Company's common shares, which may be repurchased from time to time until December 31, 2012. The new authorization replaces the Company's previous share repurchase program, which was scheduled to expire on December 31, 2011.
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