Ardmore Shipping Corporation Announces Financial Results For The Twelve And Three Months Ended December 31, 2020
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Ardmore Shipping (ASC) Tops Q4 EPS by 41c, Revenues Beat
February 10, 2021 8:05 AM ESTArdmore Shipping (NYSE: ASC) reported Q4 EPS of $0.02, $0.41 better than the analyst estimate of ($0.39). Revenue for the quarter came in at $41.7 million versus the consensus estimate of $24.64 million.
Anthony Gurnee, the Company's Chief Executive Officer, commented:
During 2020, the product tanker market experienced its most extreme period of volatility in many years. During the first half, MR charter rates rose to record highs, peaking at $77,000 per day, while the second half saw charter rates reach new lows as the pandemic impacted oil demand and cargo volumes.... More
