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Stock impact report

International Seaways Reports Fourth Quarter and Full Year 2018 Results

International Seaways, Inc. (INSW) 
Last international seaways, inc. earnings: 3/3 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: intlseas.com/corporateprofile
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- International Seaways, Inc. (NYSE:INSW) (the “Company” or “INSW”), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products in International Flag markets, today reported results for the fourth quarter and full year 2018. Highlights Net income for the fourth quarter was $7.0 million, or $0.24 per share, compared to net loss of $90.7 million, or $3.12 per share, in the fourth quarter of 2017. Net income for the quarter reflects the impact of a loss on vessel sales, including held for use impairment charges, of $2.5 million. Net income excluding these items was $9.4 million, or $0.32 per share. Time charter equivalent (TCE) revenues(A) for the fourth quarter were $93.0 million, compared to $65.1 million in the fourth quarter of 2017. Adjusted EBIT Show less Read more
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