Knightsbridge Tankers Ltd., (VLCCF) reported net income for the third quarter of $3.10 million or $0.18 per share, compared to $11.30 million or $0.66 per share in the year-ago quarter.
Operating revenues for the quarter decreased to $14.21 million from $19.81 million in the prior-year quarter.
On average, analysts polled by Thomson Reuters expected the company to earn $0.31 per share, on revenues of $15.74 million for the quarter. Analysts estimates typically exclude special items.
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