Benzinga | Nov 4, 2020 05:04PM EST

Genco Shipping & Trading Q3 EPS $0.03 Misses $0.05 Estimate, Sales $53.00M Miss $54.70M Estimate

Genco Shipping & Trading (NYSE:GNK) reported quarterly earnings of $0.03 per share which missed the analyst consensus estimate of $0.05 by 40 percent. This is a 150 percent increase over losses of $(0.06) per share from the same period last year. The company reported quarterly sales of $53.00 million which missed the analyst consensus estimate of $54.70 million by 3.11 percent. This is a 48.93 percent decrease over sales of $103.78 million the same period last year.