GasLog Ltd. (GLOG: Quote) Tuesday reported a loss for the second quarter compared to a profit last year, due mainly to higher operating expenses.
The Monaco-based company's second-quarter net loss was $3.55 million or $0.06 per share, compared to a net profit of $4.47 million or $0.12 per share last year.
Adjusted income for the quarter was $2.61 million or $0.04 per share, compared to $4.21 million or $0.12 per share in the prior-year quarter.
On average, eight analysts polled by Thomson Reuters expected the company to earn $0.04 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter grew to $16.71 million from $16.47 million in the prior-year quarter. Seven analysts had a consensus revenue estimate of $17.45 million for the quarter.
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by RTT Staff Writer
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