Brief: Golden Ocean Q4 earnings beat forecast

Golden Ocean

19/02/2019 07:15

Feb 19 (Reuters) - Golden Ocean Group Ltd  GOGL.O :
    * GOLDEN OCEAN Q4 NET RESULT $23.6 MILLION (REUTERS POLL
$12.3
MILLION)
    * GOLDEN OCEAN Q4 ADJUSTED EBITDA $70.4 MILLION (REUTERS
POLL
$53.2 MILLION)
    * START OF 2019 HAS BEEN MARKED BY UNCERTAINTY CREATED BY
TRADE
TENSIONS AND BY TRAGIC DAM ACCIDENT IN BRAZIL
    * GOLDEN OCEAN Q4 DIVIDEND $0.05 PER SHARE (REUTERS POLL
$0.13)
    * COMPANY'S LOW CASH BREAKEVEN LEVELS AND STRONG BALANCE
SHEET ARE
VITALLY IMPORTANT AS WE NAVIGATE THROUGH CURRENT MARKET
VOLATILITY
    * ALTHOUGH SENTIMENT IS SURELY NEGATIVE IN SHORT TERM, WE
BELIEVE
MOST SCENARIOS HAVE BEEN PRICED INTO FORWARD FREIGHT CURVE, AND
IF THIS MARKET CONTINUES WE SHOULD SEE ADJUSTMENTS TO SUPPLY
    * Q4 EARNINGS PER SHARE $0.16
    * Q4 EARNINGS PER SHARE ESTIMATE $0.13 -- REFINITIV IBES
DATA

Source text for Eikon:  urn:newsml:reuters.com:*:nGNX4V39dX
Further company coverage:  GOGL.O 

 (Reporting By Terje Solsvik)
 ((terje.solsvik@thomsonreuters.com;))