Dorian LPG Ltd (LPG) released a profit for its third quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $99.97 million, or $2.47 per share. This compares with $51.26 million, or $1.27 per share, in last year's third quarter.
Excluding items, Dorian LPG Ltd reported adjusted earnings of $106 million or $2.62 per share for the period.
Analysts on average had expected the company to earn $1.8 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 57.8% to $163.06 million from $103.32 million last year.
Dorian LPG Ltd earnings at a glance (GAAP) :
-Earnings (Q3): $99.97 Mln. vs. $51.26 Mln. last year.-EPS (Q3): $2.47 vs. $1.27 last year.-Analyst Estimate: $1.8-Revenue (Q3): $163.06 Mln vs. $103.32 Mln last year.
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