Recap: Ardmore Shipping Q1 Earnings

Shares of Ardmore Shipping ASC rose 2.6% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share increased 350.00% year over year to $0.20, which beat the estimate of $0.14.

Revenue of $41,531,000 higher by 18.61% from the same period last year, which beat the estimate of $39,210,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Ardmore Shipping hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: May 05, 2020

Time: 02:02 PM ET

Webcast URL: https://www.webcaster4.com/Webcast/Page/1191/34564

Price Action

52-week high: $9.79

Company's 52-week low was at $3.73

Price action over last quarter: Up 8.25%

Company Profile

Ardmore Shipping Corp owns and operates a fleet of mid-size product and chemical tankers, which provide seaborne transportation of petroleum products and chemicals across the globe. The company is focused on fuel efficiency and cost leadership, and it provides its shipping services to customers through voyage charters, commercial pools, and time charters. Its main customers are oil majors, national oil companies, oil and chemical traders, and chemical companies.