Ardmore Shipping Corporation Announces Financial Results For The Three Months Ended March 31, 2020

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Go back to Ardmore Shipping Corporation Announces Financial Results For The Three Months Ended March 31, 2020

Ardmore Shipping (ASC) Tops Q1 EPS by 6c

May 5, 2020 7:41 AM EDT

Ardmore Shipping (NYSE: ASC) reported Q1 EPS of $0.20, $0.06 better than the analyst estimate of $0.14. Revenue for the quarter came in at $65.19 million versus the consensus estimate of $39.21 million.

Anthony Gurnee, the Company's Chief Executive Officer, commented:

"That the tanker market is achieving record-high charter rates is no source of satisfaction given the cause: the coronavirus pandemic, with its human toll and economic impact. Our principal concern is for the well-being of our staff ashore and afloat; in particular we want to thank all seafarers regardless of company or sector for their dedication and... More