Nordic American Tankers: Q1 Earnings Snapshot
Posted May 27, 2021 10:55 am.
Last Updated May 27, 2021 11:00 am.
HAMILTON, Bermuda (AP) _ Nordic American Tankers Ltd. (NAT) on Wednesday reported a first-quarter loss of $25 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Hamilton, Bermuda-based company said it had a loss of 16 cents.
The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 16 cents per share.
The tanker company posted revenue of $18.8 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $20.5 million.
The company’s shares closed at $3.54. A year ago, they were trading at $4.76.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NAT at https://www.zacks.com/ap/NAT
The Associated Press
