Overseas Shipholding Group Reports Second Quarter 2018 Results
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Overseas Shipholding Group (OSG) Reports Q2 EPS of $0.03 on Revenues of $95.4M
August 9, 2018 7:31 AM EDTOverseas Shipholding Group (NYSE: OSG) reported Q2 EPS of $0.03. Revenue for the quarter came in at $95.4 million.
Net income for the second quarter was $3.1 million, or $0.03 per diluted share, compared with net income of $3.2 million, or $0.04 per diluted share, for the second quarter 2017.Shipping revenues for the second quarter 2018 were $95.4 million, down 0.9% compared with the same period in 2017. Time charter equivalent (TCE) revenues(A), a non-GAAP measure, for the second quarter 2018 were $86.0 million, down 5.6%... More