Nordic American Offshore Ltd (NAO) Releases Earnings Results, Misses Expectations By $-0.10 EPS

Nordic American Offshore Ltd (NAO) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $-0.36 earnings per share for the quarter, missing the analyst consensus estimate by $-0.10. Analysts had a consensus of $-0.26. The company posted revenue of $5.07 million in the period, compared to analysts expectations of $7.79 million. The company’s revenue was down -55.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.

Nordic American Offshore Ltd closed down -0.04 points or -0.93% at $4.25 with 48,097 shares getting traded on Tusday. Post opening the session at $4.31, the shares hit an intraday low of $4.13 and an intraday high of $4.32 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

Nordic American Offshore Limited. (NOA) is an international company. The Company is engaged in acquiring and operating platform supply vessels (PSVs) and own and operate eight vessels and have two new buildings under construction. The Company owns and operates Platform Supply Vessels (PSV) in the North Sea. The Company’s subsidiary is Nordic American Offshore (UK) Ltd. The Company’s fleet consists of approximately six PSVs in operation. The Company’s vessels include NAO Fighter Blue Prosper Blue Power NAO Thunder NAO Guardian NAO Protector NAO Storm Blue Viking NAO Horizon and NAO Galaxy.

Nordic American Offshore Ltd

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