Ardmore Shipping Corporation Announces Financial Results For The Three And Twelve Months Ended December 31, 2019
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Ardmore Shipping (ASC) Misses Q4 EPS by 3c, Revenues Beat
February 11, 2020 8:34 AM ESTArdmore Shipping (NYSE: ASC) reported Q4 EPS of $0.08, $0.03 worse than the analyst estimate of $0.11. Revenue for the quarter came in at $60.69 million versus the consensus estimate of $39.32 million.
Highlights and Recent Activity
Reported net income of $1.9 million for the three months ended December 31, 2019, or $0.06 earnings per basic and diluted share, as compared to a net loss of $17.0 million, or $0.51 loss per basic and diluted share, for the three months ended December 31, 2018. Net income for the three months ended December 31, 2019 includes a write-off of $0.5 million of deferred finance fees related to refinancing. Net... More