Brief: StealthGas Posts Loss Per Share of 1 Cent

StealthGas

21/11/2019 14:58

Nov 21 (Reuters) - StealthGas Inc  GASS.O :
    * STEALTHGAS REPORTS THIRD QUARTER AND NINE MONTHS 2019
FINANCIAL
AND OPERATING RESULTS
    * Q3 ADJUSTED EARNINGS PER SHARE $0.01
    * Q3 LOSS PER SHARE $0.01
    * Q3 REVENUE FELL 14.3 PERCENT TO $36.6 MILLION
    * STEALTHGAS - "PERSISTENTLY WEAK EARNINGS STEMMING FROM
ASIAN
SPOT MARKET DID NOT ALLOW US TO ENJOY A PROFITABLE QUARTER"
    * STEALTHGAS- TOTAL ANTICIPATED VOYAGE DAYS OF OUR FLEET IS
88%
COVERED FOR REMAINDER OF 2019 AND 53% FOR 2020

Source text for Eikon:  ID:nGNX8GHB4T 
Further company coverage:  GASS.O 

 ((Reuters.Briefs@thomsonreuters.com;))