Recap: International Seaways Q3 Earnings

Shares of International Seaways INSW moved higher by 0.6% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 339.02% year over year to $0.98, which beat the estimate of $0.70.

Revenue of $99,883,000 higher by 40.13% from the same period last year, which beat the estimate of $87,540,000.

Guidance

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

International Seaways hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Nov 06, 2020

Time: 09:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/insw/mediaframe/41454/indexr.html

Recent Stock Performance

52-week high: $31.39

Company's 52-week low was at $12.44

Price action over last quarter: down 13.84%

Company Overview

International Seaways Inc owns and operates a fleet of oceangoing vessels engaged primarily in the transportation of crude oil and petroleum products. The company's vessel operations are organized into two segments: Crude Tankers and Product Carriers. The fleet consists of ULCC, VLCC, Suezmax, Aframax, and Panamax crude tankers, as well as LR1, LR2 and MR product carriers.