Diana Shipping: Q2 Earnings Insights

Shares of Diana Shipping DSX moved lower by 3.4% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 800.00% over the past year to ($0.14), which missed the estimate of ($0.08).

Revenue of $40,975,000 declined by 26.02% year over year, which beat the estimate of $40,790,000.

Outlook

Diana Shipping hasn't issued any earnings guidance for the time being.

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

Conference Call Details

Date: Jul 27, 2020

Time: 09:00 AM

ET Webcast URL: https://78449.themediaframe.com/dataconf/productusers/dship/mediaframe/39299/indexl.html

Price Action

Company's 52-week high was at $4.15

52-week low: $1.25

Price action over last quarter: down 8.50%

Company Profile

Diana Shipping Inc provides shipping transportation services. The company, through its subsidiaries, operates a fleet of vessels consisting of dry bulk carriers such as Panamax, Kamsarmax, Post-Panamax, Capesize and Newcastlemax vessels. Using this fleet, the firm provides transportation services for various goods including coal, iron ore, and grains. It also transports minor bulks, including steel products, cement, and fertilizers through its dry bulk carrier vessels.