Tsakos: Q1 Earnings Snapshot
Posted June 29, 2021 5:40 am.
Last Updated June 29, 2021 5:47 am.
ATHENS, Greece (AP) _ Tsakos Energy Navigation Ltd. (TNP) on Tuesday reported a loss of $4.8 million in its first quarter.
On a per-share basis, the Athens, Greece-based company said it had a loss of 80 cents.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 83 cents per share.
The oil and gas shipping company posted revenue of $139 million in the period. Its adjusted revenue was $91.7 million, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $96.5 million.
Tsakos shares have increased nearly 6% since the beginning of the year. The stock has declined 11% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TNP at https://www.zacks.com/ap/TNP
The Associated Press
