GOGL – Second Quarter 2019 Results
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Golden Ocean Group Limited (GOGL) Misses Q2 EPS by 8c
August 15, 2019 5:59 AM EDTGolden Ocean Group Limited (NASDAQ: GOGL) reported Q2 EPS of ($0.23), $0.08 worse than the analyst estimate of ($0.15).
Highlights
Net loss of $33.1 million and loss per share of $0.23 for the second quarter of 2019, which includes $13.3 million in mark to market losses on derivatives, compared with net loss of $7.5 million and loss per share of $0.05 for the first quarter of 2019Adjusted EBITDA of $21.5 million for the second quarter of 2019, compared with $36.0 million for the first quarter of 2019Declared four options for scrubber installations, increasing the total number to 23 installationsCompleted refinancing of the... More