Investing.com - Nordic American Tankers reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Nordic American Tankers announced earnings per share of $0.050 on revenue of $47.6M. Analysts polled by Investing.com anticipated EPS of $0.056 on revenue of $48.76M.
Nordic American Tankers shares are up 108.93% from the beginning of the year , still down 10.38% from its 52 week high of $3.94 set on Tuesday, November 22, 2022.
Nordic American Tankers shares gained 1.75% in intra-day trade the report.
Nordic American Tankers follows other major Energy sector earnings this month
Nordic American Tankers's report follows an earnings beat by ConocoPhillips on Thursday, November 3, 2022, who reported EPS of $3.6 on revenue of $21.61B, compared to forecasts EPS of $3.46 on revenue of $18,467M.
BP ADR had beat expectations on Tuesday, November 1, 2022 with third quarter EPS of $2.59 on revenue of $55.01B, compared to forecast for EPS of $2.05 on revenue of $66.29B.
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