Benzinga | Jul 28, 2020 09:39AM EDT

Recap: Ardmore Shipping Q2 Earnings

Shares of Ardmore Shipping (NYSE:ASC) fell 1.7% after the company reported Q2 results.

Quarterly Results

Earnings per share rose 510.00% year over year to $0.41, which missed the estimate of $0.43.

Revenue of $47,061,000 up by 48.40% year over year, which missed the estimate of $51,510,000.

Looking Ahead

Ardmore Shipping hasn't issued any earnings guidance for the time being.

Ardmore Shipping hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Jul 28, 2020

Time: 10:00 AM

ET Webcast URL: http://ardmoreshipping.investorroom.com/

Recent Stock Performance

52-week high: $9.79

52-week low: $3.73

Price action over last quarter: down 24.96%

Company Overview

Ardmore Shipping Corp owns and operates a fleet of mid-size product and chemical tankers, which provide seaborne transportation of petroleum products and chemicals across the globe. The company is focused on fuel efficiency and cost leadership, and it provides its shipping services to customers through voyage charters, commercial pools, and time charters. Its main customers are oil majors, national oil companies, oil and chemical traders, and chemical companies.