HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Ardmore Shipping Corp. (ASC) on Thursday reported fourth-quarter earnings of $6.9 million.
The Hamilton, Bermuda-based company said it had profit of 12 cents per share. Earnings, adjusted for non-recurring costs, came to 25 cents per share.
The shipping company posted revenue of $82 million in the period. Its adjusted revenue was $49.3 million.
For the year, the company reported profit of $133 million, or $3.06 per share. Revenue was reported as $273.2 million.
Ardmore Shipping shares have fallen 5% since the beginning of the year. The stock has fallen 30% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ASC at https://www.zacks.com/ap/ASC
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.