Diana Shipping (DSX) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Diana Shipping (DSX) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $-0.41 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $-0.40. The company posted revenue of $28.30 million in the period, compared to analysts expectations of $28.33 million. The company’s revenue was down -26.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.19 EPS.

Diana Shipping closed down -0.1 points or -3.82% at $2.52 with 5,30,755 shares getting traded on Thursday. Post opening the session at $2.54, the shares hit an intraday low of $2.47 and an intraday high of $2.77 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Diana Shipping Inc. is a holding company. The Company is a provider of shipping transportation services. It specializes in the ownership of dry bulk vessels. Its fleet consists of approximately 40 dry bulk vessels including two Newcastlemax 12 Capesize three Post-Panamax three Kamsarmax and 20 Panamax. It specializes in transporting dry bulk cargoes including commodities such as iron ore coal grain and other materials along shipping routes around the world. The Company wholly owns directly or indirectly the subsidiaries which own the vessels that comprise its fleet. It holds an interest in Diana Containerships Inc. a provider of shipping transportation services through its ownership of containerships which owns and operates eleven container vessels including four Post-Panamax and seven Panamax. Its vessels include Danae Dione Erato Leto Myrto Boston Los Angeles and Alcmeme among others.

Diana Shipping

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