Insweb Corp (INSW) Misses Q3 EPS by 29c, Revenues Beat

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International Seaways Reports Third Quarter 2018 Results

November 7, 2018 6:45 AM EST

NEW YORK--(BUSINESS WIRE)-- International Seaways, Inc. (NYSE: INSW) (the Company or INSW), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products in International Flag markets, today reported results for the third quarter 2018.

Highlights

Net loss for the third quarter was $47.8 million, or $1.64 per share, compared to net loss of $21.8 million, or $0.75 per share, in the third quarter of 2017. Net loss this quarter reflects the impact of a loss on vessel sales, including held for sale impairment charges, of $17.4 million. Net loss excluding these... More