Ardmore Shipping Corporation Announces Financial Results For The Three And Nine Months Ended September 30, 2019
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Ardmore Shipping (ASC) Tops Q3 EPS by 1c, Revenues Beat
November 5, 2019 8:32 AM ESTArdmore Shipping (NYSE: ASC) reported Q3 EPS of ($0.17), $0.01 better than the analyst estimate of ($0.18). Revenue for the quarter came in at $52.1 million versus the consensus estimate of $29.53 million.
Highlights and Recent Activity
Reported a GAAP net loss (and net loss from continuing operations see Non-GAAP Measures Section) of $5.7 million for the three months ended September 30, 2019, or $0.17 loss per basic and diluted share, as compared to a GAAP net loss of $12.2 million, or $0.37 loss per basic and diluted share, for the three months ended September 30, 2018. The Company reported adjusted EBITDA (see Non-GAAP Measures section) of... More