International Seaways (INSW) Misses Q4 EPS by 13c, Revenues Miss

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Go back to International Seaways (INSW) Misses Q4 EPS by 13c, Revenues Miss

International Seaways Reports Fourth Quarter and Full Year 2019 Results

March 3, 2020 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 fourth quarter and full year 2019.

Highlights

Net income for the fourth quarter was $15.9 million, or $0.54 per share, compared to a net income of $7.0 million, or $0.24 per share, in the fourth quarter of 2018. Net income for the quarter reflects the impact of a $3.0 million cash gain on sale of the... More