Genco Shipping & Trading Limited Announces Fourth Quarter Financial Results
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Genco Shipping & Trading Limited (GNK) Misses Q4 EPS by 1c, Revenues Beat
February 25, 2020 4:45 PM ESTGenco Shipping & Trading Limited (NYSE: GNK) reported Q4 EPS of $0.07, $0.01 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $108.71 million versus the consensus estimate of $60.41 million.
Fourth Quarter 2019 and Year-to-Date Highlights
Announced a regular quarterly cash dividend of $0.175 per share for the fourth quarter of 2019 -- Payable on or about March 16, 2020 to all shareholders of record as of March 6, 2020Completed our exhaust gas cleaning systems (scrubbers) installation program for our 17 Capesize vesselsRecorded net income of $0.9 million for the fourth quarter of 2019 -- Basic and diluted... More