Pyxis Tankers Inc. Announces Financial Results for the Three Months Ended March 31, 2019
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Pyxis Tankers Inc. (PXS) Misses Q1 EPS by 2c, Slight Miss on Revenues
May 21, 2019 4:13 PM EDTPyxis Tankers Inc. (NASDAQ: PXS) reported Q1 EPS of ($0.11), $0.02 worse than the analyst estimate of ($0.09). Revenue for the quarter came in at $6.72 million versus the consensus estimate of $6.76 million.
Valentios Valentis, our Chairman and CEO commented:
"Our operating results for the first quarter of 2019 reflected the contribution from the short-term time charters of our medium-range product tankers ("MR") which we had entered into during the fourth quarter of 2018 as well as continued cost discipline. The average TCE for our MR's was approximately $12,700 during the quarter. The continued underperformance of our smaller tankers... More
