Ardmore Shipping Corporation Announces Financial Results For The Three Months Ended March 31, 2021

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Go back to Ardmore Shipping Corporation Announces Financial Results For The Three Months Ended March 31, 2021

Ardmore Shipping (ASC) Tops Q1 EPS by 6c, Revenues Beat

May 5, 2021 8:14 AM EDT

Ardmore Shipping (NYSE: ASC) reported Q1 EPS of ($0.26), $0.06 better than the analyst estimate of ($0.32). Revenue for the quarter came in at $45.55 million versus the consensus estimate of $24.74 million.

Highlights and Recent Activity

Reported a net loss of $8.5 million for the three months ended March 31, 2021, or $0.26 loss per basic and diluted share, which includes unrealized gains on derivatives; losses adjusted for these gains (see Adjusted (loss) / earnings in the Non-GAAP Measures section) are $8.6 million, or $0.26 Adjusted loss per basic and diluted share. This compares to net income and adjusted earnings of $6.5 million,... More