Diana Shipping (DSX) Misses Q4 EPS by 19c, Revenues Beat

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Diana Shipping Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2019

February 21, 2020 7:53 AM EST

ATHENS, Greece, Feb. 21, 2020 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the Company), a global shipping company specializing in the ownership of dry bulk vessels, today reported net loss of $14.0 million and net loss attributed to common stockholders of $15.4 million for the fourth quarter of 2019, including a $6.5 million impairment loss and $3.3 million loss from sale of vessels. This compares to net income of $2.9 million and net income attributed to common stockholders of $1.5 million reported in the fourth quarter of 2018.

Time charter revenues were $51.5 million for the fourth quarter of 2019,... More