GOGL – Third Quarter 2020 Results
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Golden Ocean Group Limited (GOGL) Tops Q3 EPS by 11c
November 19, 2020 6:14 AM ESTGolden Ocean Group Limited (NASDAQ: GOGL) reported Q3 EPS of $0.27, $0.11 better than the analyst estimate of $0.16.
Highlights
Net income of $39.1 million and earnings per share of $0.27 for the third quarter of 2020 compared with net loss of $41.3 million and loss per share of $0.29 for the second quarter of 2020.Adjusted EBITDA of $76.7 million for the third quarter of 2020, compared with $4.2 million for the second quarter of 2020.Signed loan agreement in November 2020 to refinance the $425.0 million credit facility which is secured by 14 Capesize vessels at attractive terms, lowering the daily... More