Genco Shipping & Trading Q3 revenue reaches $151.855 million, above estimate
GNK•Genco Shipping & Trading reported third-quarter revenue of $151.855 million, compared with an IBES estimate of $126.6 million, net income of $38.089 million and a dividend of $1.05 per share.
1. Quarterly results
Genco Shipping & Trading reported third-quarter net income of $38.089 million, basic EPS of $0.87 and EPS of $0.85. Adjusted EBITDA was $68.1 million, matching the IBES estimate.
