Insweb Corp (INSW) Misses Q1 EPS by 6c, Revenues Beat

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International Seaways Reports First Quarter 2019 Results

May 9, 2019 6:00 AM EDT

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 first quarter 2019.

Highlights

Net income for the first quarter was $10.9 million, or $0.37 per share, compared to a net loss of $29.3 million, or $1.01 per share, in the first quarter of 2018. Time charter equivalent (TCE) revenues(A) for the first quarter were $94.0 million, compared to $48.8 million in the first quarter of... More