GNK - Genco Shipping GAAP EPS of $0.06 misses by $0.07 revenue of $94.39M beats by $38.42M
2023-05-03 16:38:54 ET
- Genco Shipping press release ( NYSE: GNK ): Q1 GAAP EPS of $0.06 misses by $0.07 .
- Revenue of $94.39M (-30.7% Y/Y) beats by $38.42M .
- Net revenue (voyage revenues minus voyage expenses, charter hire expenses and realized gains or losses on fuel hedges) totaled $53.4 million during Q1 2023.
- Recorded adjusted EBITDA of $19.9 million for Q1 2023.
- Our average daily fleet-wide time charter equivalent, or TCE, for Q1 2023 was $13,947.
- We estimate our TCE to date for Q2 2023 to be $16,679 for 68% of our owned fleet available days, based on both period and current spot fixtures, which is 20% higher than Q1 2023 TCE .
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Genco Shipping GAAP EPS of $0.06 misses by $0.07, revenue of $94.39M beats by $38.42M