Ardmore Shipping Corporation Announces Financial Results For The Three And Nine Months Ended September 30, 2018

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Go back to Ardmore Shipping Corporation Announces Financial Results For The Three And Nine Months Ended September 30, 2018

Ardmore Shipping (ASC) Misses Q3 EPS by 3c, Revenues Beat

November 7, 2018 8:33 AM EST

Ardmore Shipping (NYSE: ASC) reported Q3 EPS of ($0.37), $0.03 worse than the analyst estimate of ($0.34). Revenue for the quarter came in at $48.9 million versus the consensus estimate of $26.08 million.

Anthony Gurnee, the Company\'s Chief Executive Officer, commented:

"During the third quarter, we focused on optimizing our operational and commercial performance under weak charter market conditions. MR charter rates bottomed out early in the third quarter as the market... More