International Seaways (INSW) Misses Q3 EPS by 1c, Revenues Miss

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Go back to International Seaways (INSW) Misses Q3 EPS by 1c, Revenues Miss

International Seaways Reports Third Quarter 2019 Results

November 7, 2019 6:00 AM EST

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 third quarter 2019.

Highlights

Net loss for the third quarter was $11.1 million, or $0.38 per share, compared to a net loss of $47.8 million, or $1.64 per share, in the third quarter of 2018. Net loss for the quarter reflects the impact of a gain on vessel sales of $1.5 million and $0.4 million of... More