STEALTHGAS INC. Reports Fourth Quarter and Twelve Months Ended December 31, 2019 Financial and Operating Results
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StealthGas (GASS) Misses Q4 EPS by 2c, Revenues Beat
February 21, 2020 9:36 AM ESTStealthGas (NASDAQ: GASS) reported Q4 EPS of $0.01, $0.02 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $35.16 million versus the consensus estimate of $32.76 million.
Fourth Quarter 2019 Results:
Revenues for the three months ended December 31, 2019 amounted to $35.2 million, a decrease of $3.3 million, or 8.6%, compared to revenues of $38.5 million for the three months ended December 31, 2018, mainly as a result of the strategic reduction of our average owned fleet by seven vessels, one less charter-in vessel and relatively low revenue stemming from the Asian spot market.Voyage expenses and vessels operating... More