Genco Shipping & Trading Limited Announces Second Quarter Financial Results
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Genco Shipping & Trading Limited (GNK) Tops Q2 EPS by 10c
August 5, 2020 5:23 PM EDTGenco Shipping & Trading Limited (NYSE: GNK) reported Q2 EPS of ($0.43), $0.10 better than the analyst estimate of ($0.53). Revenue for the quarter came in at $31.1 million versus the consensus estimate of $31.28 million.
John C. Wobensmith, Chief Executive Officer, commented, During the second quarter, our focus remained on maintaining the strength of our industry leading balance sheet while continuing to return capital to shareholders. Our substantial liquidity position together with an improving drybulk landscape enabled Genco to declare our fourth consecutive quarterly dividend, increasing total... More
