Ardmore Shipping Corporation Announces Financial Results For The Twelve And Three Months Ended December 31, 2020

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Go back to Ardmore Shipping Corporation Announces Financial Results For The Twelve And Three Months Ended December 31, 2020

Ardmore Shipping (ASC) Tops Q4 EPS by 41c, Revenues Beat

February 10, 2021 8:05 AM EST

Ardmore 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