GasLog: 2Q Earnings Snapshot
MONACO (AP) _ GasLog LP (GLOG) on Thursday reported a loss of $26 million in its second quarter.
The company said it had a loss of 35 cents per share. Earnings, adjusted for non-recurring costs, were 3 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The operator of carriers for natural gas shipping posted revenue of $154.3 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $153.6 million.
GasLog shares have declined 13% since the beginning of the year. The stock has fallen 15% in the last 12 months.