Gener8 Maritime (GNRT) Misses Q2 EPS by 3c

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Gener8 Maritime, Inc. Announces Second Quarter 2017 Financial Results

August 1, 2017 6:00 AM EDT

NEW YORK, Aug. 1, 2017 /PRNewswire/ -- 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 months and six ended June 30, 2017.

Highlights

Including a non-cash loss of $67.9 million due to ships held for sale, recorded net loss of $82.5 million, or $0.99 basic and diluted loss per share, for the three months ended June 30, 2017, compared to net income of $38.0 million, or $0.46 basic and diluted earnings... More