International Seaways Reports Second Quarter 2019 Results

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Go back to International Seaways Reports Second Quarter 2019 Results

Insweb Corp (INSW) Misses Q2 EPS by 13c, Revenues Miss

August 8, 2019 6:09 AM EDT

Insweb Corp (NYSE: INSW) reported Q2 EPS of ($0.57), $0.13 worse than the analyst estimate of ($0.44). Revenue for the quarter came in at $69.01 million versus the consensus estimate of $72.91 million.

Highlights

Net loss for the second quarter was $16.5 million, or $0.57 per share, compared to a net loss of $18.8 million, or $0.65 per share, in the second quarter of 2018. Net loss for the quarter reflects the impact of a loss on vessel sales of $1.6 million. Net loss excluding these items was $15.0 million, or $0.51 per share.Time charter equivalent (TCE) revenues(A) for the second quarter were... More