Recap: Genco Shipping & Trading Q3 Earnings

Genco Shipping & Trading 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.

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.

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.