— 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.
Seagate Technology plc (NASDAQ: STX), a leading provider of data storage solutions, Thursday said its earnings declined in the first quarter of 2021, owing to a 10% fall in revenues.
Intel Corporation (NASDAQ: INTC) reported third quarter 2020 earnings results today. Revenue fell 4% year-over-year to $18.3 billion. GAAP net income decreased 29% to $4.3 billion while EPS dropped 25%
AT&T Inc. (NYSE: T) today reported its third quarter financial results for the period ended September 30, 2020. Net income for the third quarter was $2.8 billion, or $0.39 per