International Seaways up after prelim Q3 revenue tops estimates
BUZZ-International Seaways up after prelim Q3 revenue tops estimates ** US oil tanker shipping company International Seaways INSW.K up 2.9% at $116.4 premarket
** Reports Q3 preliminary revenue in the range of $480 mln-$490 mln, above analysts' consensus estimates of $315.75 mln, according to data compiled by LSEG
** INSW reports Q3 prelim net income in the range of $340 mln-$350 mln vs estimates of $174.5 mln
** Says Q3 results driven primarily by strong market conditions
** Full earnings release is due on November 5
** Co also announces acquisition of Bruton BRUT.OL in deal valuing shipping firm at approx $370 mln; Bruton shares were last down 5%
** 7 of 8 brokerages rate the stock "buy" or higher and 1 "hold"; median PT $128 - data compiled by LSEG
** As of last close, INSW stock has more than doubled YTD
(Reporting by Jayasree Prabhu)