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Recap: International Seaways Q1 Earnings

Shares of International Seaways (NYSE:INSW) rose 5.8% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 302.70% year over year to $1.49, which beat the estimate of $1.45.

Benzinga · 05/07/2020 11:44

Shares of International Seaways (NYSE:INSW) rose 5.8% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share rose 302.70% year over year to $1.49, which beat the estimate of $1.45.

Revenue of $125,337,000 up by 23.03% from the same period last year, which beat the estimate of $121,890,000.

Outlook

International Seaways hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: May 07, 2020

Webcast URL: https://services.choruscall.com/links/insw200507.html

Price Action

Company's 52-week high was at $31.39

Company's 52-week low was at $14.89

Price action over last quarter: Up 5.59%

Company Overview

International Seaways Inc owns and operates a fleet of oceangoing vessels engaged primarily in the transportation of crude oil and petroleum products. The company's vessel operations are organized into two segments: Crude Tankers and Product Carriers. The fleet consists of ULCC, VLCC, Suezmax, Aframax, and Panamax crude tankers, as well as LR1, LR2 and MR product carriers.