Gener8 Maritime (GNRT) Misses Q2 EPS by 1c
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Gener8 Maritime, Inc. Announces Second Quarter 2016 Financial Results
July 27, 2016 4:34 PM EDTNEW YORK, July 27, 2016 /PRNewswire/ -- Gener8 Maritime, Inc. (NYSE: GNRT) ("Gener8 Maritime" or the "Company"), a leading U.S.-based provider of international seaborne crude oil transportation services, today announced its financial results for the three and six months ended June 30, 2016.
Highlights
Recorded net income of $38.0 million, or $0.46 basic and diluted earnings per share, for the three months ended June 30, 2016, a 91% increase compared to $19.9 million for the same period in the prior year. Recorded adjusted net income of $42.0 million, or $0.51 basic and diluted adjusted... More