Genco Shipping & Trading (NYSE:GNK) reported its Q3 earnings results on Wednesday, November 8, 2023 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
Genco Shipping & Trading beat estimated earnings by 18.18%, reporting an EPS of $-0.09 versus an estimate of $-0.11.
Revenue was down $52.61 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.1 which was followed by a 4.32% drop in the share price the next day.
Here’s a look at Genco Shipping & Trading’s past performance:
| Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.17 | 0.13 | 0.64 | 1.07 |
| EPS Actual | 0.27 | 0.06 | 0.67 | 1 |
| Revenue Estimate | 60.66M | 66.14M | 77.78M | 111.31M |
| Revenue Actual | 90.56M | 94.39M | 126.97M | 135.97M |
To track all earnings releases for Genco Shipping & Trading visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
