International Seaways Reports Fourth Quarter and Full Year 2019 Results
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International Seaways (INSW) Misses Q4 EPS by 13c, Revenues Miss
March 3, 2020 6:03 AM ESTInternational Seaways (NYSE: INSW) reported Q4 EPS of $1.32, $0.13 worse than the analyst estimate of $1.45. Revenue for the quarter came in at $124.02 million versus the consensus estimate of $126.82 million.
Net income for the fourth quarter was $15.9 million, or $0.54 per share, compared to a net income of $7.0 million, or $0.24 per share, in the fourth quarter of 2018. Net income for the quarter reflects the impact of a $3.0 million cash gain on sale of the LNG joint venture with Qatar Gas Transport Company Ltd. (Nakilat), offset by the release of the Companys share of the... More