Golden Ocean Group Ltd (NASDAQ: GOGL) reported a Q2 FY23 revenue of $213.38 million, exceeding the consensus of $148.97 million.
The company reported TCE rates for Capesize and Panamax/Ultramax vessels of $19,083 per day and $15,617 per day, respectively, in Q2.
The operating expenses stood at $169.8 million vs. $170.4 million a year ago.
Net operating income declined to $43.6 million from $155.8 million in the prior year quarter.
Adjusted EBITDA stood at $80.4 million vs. $191.6 million a year ago.
Adjusted EPS of $0.17 was better Full story available on Benzinga.com