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International Seaways Shipping Revenue Surges 146% and Adjusted EPS Rises 408%

Zacks +1 · ·by G4L

INSW
INSW International Seaways Inc
$101.27 +3.07%
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ZIM ZIM +3.24%
  1. 1International Seaways recorded a 146% increase in third-quarter shipping revenue compared to the same period last year.
  2. 2International Seaways' third-quarter shipping revenue reached $483 million compared to the same period last year.
  3. 3Analysts expect the shipping boom to support strong profitability beyond this year.

So what's the key point?

What is the main point? International Seaways' shipping revenue grew significantly by 146%. Due to the shipping boom, the company is expected to continue earning high profits in the future.

Source Zacks +1 · View original ↗

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