Surges after quarterly revenue beats estimates

Navigator Holdings

29/05/2020 18:51

**  Liquefied gas carrier operator's shares  NVGS.N  rise
16.7% to $6.33 
    ** Posts $81.3 mln revenue in Q1, beating IBES Refinitiv
estimate of $70.2 mln  urn:newsml:reuters.com:*:nPn9hyRNha
    ** Fleet utilization improves to 89% in Q1 compared with
84.8% in 2019
    ** Co says it saw lower utilization levels during February
and March due to reduced economic activity caused by COVID-19
    ** Says LPG demand remains resilient to COVID-19 as energy
need for heating and cooking among population stays intact
    ** Stock down ~52% YTD

 (Reporting by Shivani Kumaresan in Bengaluru)