Ardmore Shipping Corporation Announces Financial Results For The Three And Six Months Ended June 30, 2018
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Ardmore Shipping (ASC) Misses Q2 EPS by 1c, Beats on Revenues
July 31, 2018 8:37 AM EDTArdmore Shipping (NYSE: ASC) reported Q2 EPS of ($0.25), $0.01 worse than the analyst estimate of ($0.24). Revenue for the quarter came in at $52.36 million versus the consensus estimate of $29.43 million.
Anthony Gurnee, the Company's Chief Executive Officer, commented:
"In the second quarter we remained focused on operational efficiency under challenging charter market conditions. While the fundamentals of the product tanker market remain sound, a number of unrelated short-term factors came together to put downward pressure on cargo volumes and charter rates, particularly in the... More
