GasLog Ltd (GLOG) Releases Earnings Results, Beats Expectations By $0.06 EPS

GasLog Ltd (GLOG) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $-0.01 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $-0.07. The company posted revenue of $114.50 million in the period, compared to analysts expectations of $111.20 million. The company’s revenue was up 9.7% compared to the same quarter last year.

GasLog Ltd closed down -0.49 points or -3.78% at $12.47 with 6,08,672 shares getting traded on Tusday. Post opening the session at $13.16, the shares hit an intraday low of $12.32 and an intraday high of $13.27 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

GasLog Ltd. (GasLog) is a holding company. The Company and its subsidiaries are primarily engaged in the ownership operation and management of vessels in the Liquefied natural gas (LNG) market. The Company operates in two segments: vessel ownership and vessel management. The Company provides maritime services for the transportation of LNG on a across the world basis and LNG vessel management services. The Company conducts its operations through its vessel-owning subsidiaries and through its vessel management services subsidiary. Its subsidiaries include GasLog Investments Ltd. GasLog Carriers Ltd. GasLog Shipping Company Ltd. GasLog Monaco S.A.M. GAS-one Ltd. GAS-seven Ltd. GAS-twelve Ltd. GAS-twenty one Ltd. GasLog Shipping Limited and Egypt LNG Shipping Ltd. among others. Its wholly owned fleet consists of approximately 20 LNG carriers including over 11 ships in operation over seven LNG carriers on order at Samsung and over two LNG carriers on order at Hyundai.

GasLog Ltd

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