Overseas Shipholding Group Q1 Loss Declines

Overseas Shipholding Group (OSG) reported Loss for first quarter that decreased from last year

The company's earnings totaled -$0.51 million, or -$0.01 per share. This compares with -$15.87 million, or -$0.18 per share, in last year's first quarter.

The company's revenue for the quarter rose 28.0% to $104.00 million from $81.27 million last year.

Overseas Shipholding Group earnings at a glance (GAAP) :

-Earnings (Q1): -$0.51 Mln. vs. -$15.87 Mln. last year.
-EPS (Q1): -$0.01 vs. -$0.18 last year.
-Revenue (Q1): $104.00 Mln vs. $81.27 Mln last year.

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