Categories Earnings, Industrials

Diana Shipping (NYSE: DSX): Q4 2019 Earnings Snapshot

— 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.

ship cargo container
Image for representation. Courtesy: Bernd Dittrich on Unsplash

— 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.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Weibo (WB) Earnings: 1Q21 Key Numbers

Weibo Corporation (NASDAQ: WB) reported first-quarter 2021 earnings results today. Net revenues increased by 42% year-over-year at $458.9 million and 31% increase on a constant currency basis. Net income attributable

Earnings calendar for the week of May 10

Stock markets rallied amid mixed cues on the health of the labor market, with latest data showing that payrolls grew at a slower-than-expected pace while unemployment claims slipped below the

Apple-Epic legal fight could set a new paradigm for mobile app distribution

These days the tech world is abuzz with the legal battle between gadget giant Apple, Inc. (NASDAQ: AAPL) and Epic Games, which has elicited significant media interest. The trial in

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top