GNK - Genco Shipping GAAP EPS of $0.27 beats by $0.07 revenue of $90.56M beats by $30.21M
2023-08-04 06:23:44 ET
- Genco Shipping press release ( NYSE: GNK ): Q2 GAAP EPS of $0.27 beats by $0.07 .
- Revenue of $90.56M (-34.3% Y/Y) beats by $30.21M .
- Adjusted EBITDA of $30.0 million for Q2 2023.
- Net revenue was $60.7 million during Q2 2023.
- The average daily time charter equivalent, or TCE, rates obtained by the Company’s fleet was $15,556 per day for the three months ended June 30, 2023 as compared to $28,756 per day for the three months ended June 30, 2022.
- Estimated TCE to date for Q3 2023 : $12,262 for 61% of our owned fleet available days, based on both period and current spot fixtures.
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Genco Shipping GAAP EPS of $0.27 beats by $0.07, revenue of $90.56M beats by $30.21M