DHT Maritime Inc. (DHT) reported a plunge in third-quarter net income to $1.08 million or $0.02 per share from $12.31 million or $0.31 per share in the year-ago quarter.
Third-quarter net income adjusted for non-cash financial items fell to $3.65 million or $0.07 per share from $12.31 million or $0.31 per share last year. On average, 7 analysts polled by Thomson Reuters expected earnings per share of $0.07 for the quarter. Analysts' estimate typically excludes one-time items.
Shipping revenues for the third quarter decreased to $22.68 million from $31.01 million in the previous year. Five analysts estimated revenues of $22.66 million for the quarter.
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