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Nordic American Tankers: 2Q Earnings Snapshot

August 16, 2019

HAMILTON, Bermuda (AP) _ Nordic American Tankers Ltd. (NAT) on Friday reported a loss of $15 million in its second quarter.

On a per-share basis, the Hamilton, Bermuda-based company said it had a loss of 11 cents.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.

The tanker company posted revenue of $30.7 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $33.6 million.

The company’s shares closed at $1.76. A year ago, they were trading at $2.06.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NAT at https://www.zacks.com/ap/NAT

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