Gener8 Maritime (GNRT) Tops Q4 EPS by 7c
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Gener8 Maritime, Inc. Announces Fourth Quarter 2016 Financial Results
March 13, 2017 6:00 AM EDTNEW YORK, March 13, 2017 /PRNewswire/ --Â Gener8 Maritime, Inc. (NYSE: GNRT) ("Gener8 Maritime" or the "Company"), a leading U.S.-based provider of international seaborne crude oil transportation services, today announced its financial results for the three and twelve months ended December 31, 2016.
Highlights
Recorded net income of $5.8 million, or $0.07 basic and diluted earnings per share, for the three months ended December 31, 2016, compared to $45.5 million or $0.55 basic and diluted earnings per share for the same period in the prior year. Recorded adjusted net income of $20.1 million, or $0.24 basic and... More