Pyxis Tankers Announces Financial Results for the Three Months Ended March 31, 2020

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Go back to Pyxis Tankers Announces Financial Results for the Three Months Ended March 31, 2020

Pyxis Tankers Inc. (PXS) Misses Q1 EPS by 4c

June 3, 2020 7:32 AM EDT

Pyxis Tankers Inc. (NASDAQ: PXS) reported Q1 EPS of ($0.06), $0.04 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $6.6 million versus the consensus estimate of $6.59 million.

Valentios Valentis, our Chairman and CEO commented:

Our operating results for the three months ended March 31, 2020 reflected a better chartering environment and continued cost discipline compared to the same period in 2019. During the first quarter, 2020 our medium range product tankers (MR) operated on staggered, shorter-term time charters in order to obtain predictable cash flow, especially in light of the various uncertainties, including those discussed... More