Pyxis Tankers Announces Financial Results for the Three and Six Months Ended June 30, 2020
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Pyxis Tankers Inc. (PXS) Reports In-Line Q2 EPS
August 10, 2020 4:45 PM EDTPyxis Tankers Inc. (NASDAQ: PXS) reported Q2 EPS of ($0.06), in-line with the analyst estimate of ($0.06). Revenue for the quarter came in at $5.5 million versus the consensus estimate of $5.94 million.
Valentios Valentis, our Chairman and CEO commented:
The chartering environment for product tankers in the second quarter of 2020 was extremely volatility. The spot market for MRs experienced a brief spike during late April to early May, which was then followed by a rapid drop in rates until the recent stabilization of rates. The period market, albeit more stable, did encounter a material... More
