— Diana Shipping Inc. (NYSE: DSX) reported a fourth-quarter 2019 loss of $0.17 per share versus a profit of $0.02 per share expected.
— Time charter revenues fell by 18% to $51.5 million versus $50.52 million expected. This was due to the sale of two vessels in December 2018 and six vessels in 2019 as well as decreased average time charter rates that it achieved for its vessels.
— The average number of vessels decreased to 42.6 from 49.5 in the prior-year quarter. However, the weighted average age of vessels rose to 9.5 from 9.1 a year ago.
— Fleet utilization for the fourth quarter declined to 96.9% from 99.1% in the previous year quarter.
— Time charter equivalent rate decreased to $12,264 from $13,527 a year earlier. However, the daily vessel operating expenses rose to $5,969 from $5,536 a year ago.
— Long-term debt as of December 30, 2019, was $474.95 million while cash and cash equivalents stood at $107.29 million.
Most Popular
Earnings Preview: Home Depot’s Q3 report likely to reflect weak consumer demand
The US housing industry has been mostly resilient to headwinds like economic uncertainties so far this year. However, housing activity cooled in recent months as high mortgage rates and inflation
Take-Two Interactive (TTWO) will report Q2 2025 earnings this week, a few points to note
Shares of Take-Two Interactive Software, Inc. (NASDAQ: TTWO) stayed red on Monday. The stock has gained 16% over the past three months. The gaming company is set to report its second
Earnings Summary: Highlights of Loews Corporation’s (L) Q3 2024 report
Loews Corporation (NYSE: L), a diversified company with businesses in the insurance, energy, hospitality, and packaging industries, on Monday reported higher revenue and profit for the third quarter of 2024.