Ardmore Shipping Corp (ASC) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Ardmore Shipping Corp (ASC) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $0.26 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.27. The company posted revenue of $43.50 million in the period, compared to analysts expectations of $36.26 million. The company’s revenue was up 47.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

Ardmore Shipping Corp closed down -0.14 points or -1.50% at $9.21 with 1,59,756 shares getting traded on Monday. Post opening the session at $9.3, the shares hit an intraday low of $9.05 and an intraday high of $9.35 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Ardmore Shipping Corporation (Ardmore) provides seaborne transportation of petroleum products and chemicals to oil companies national oil companies oil and chemical traders and chemical companies with its fleet of mid-size product and chemical tankers. As of December 31 2014 Ardmore had 14 vessels in operation and 10 vessels under construction. The Company’s vessels include Ardmore Seavaliant Ardmore Seaventure Ardmore Endeavour Ardmore Seafarer Ardmore Centurion and Ardmore Capella among others. Ardmore has 32 wholly owned subsidiaries which represent single ship-owning companies for the Company’s fleet. Ardmore Shipping (Bermuda) Limited (ASBL) carries out the Ardmore’s management services and functions. Ardmore Shipping Services (Ireland) Limited (ASSIL) which is a subsidiary incorporated in Ireland provides the Company’s corporate accounting and fleet administration services.

Ardmore Shipping Corp

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