StealthGas up as profit, revenue beat estimates

StealthGas

21/11/2022 17:55

** Seaborne transportation services provider StealthGas
Inc's  GASS.O  shares up 1.6% at $3.16 
    ** GASS reports third-quarter adjusted earnings of 16
cents/shr, beating analysts' estimate of 2 cents/shr - Refinitiv
data
    ** Co has beaten EPS estimates for four quarters now
    ** Quarterly revenue, down 6.9% at $34.88 mln from a year
ago, beats market estimate of $30.20 mln
    ** GASS fleet down to 34 vessels from 41 vessels last year
    ** Co says vessels remaining in the fleet earned higher
revenues compared to the same period in the prior year due to
better market conditions
    ** More than 2.1 shares trade, six times their 25-day moving
avg
    ** Accounting for session gains, company's shares up 51% YTD
 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))