Tuesday, Knightsbridge Tankers Ltd. (VLCCF) said its fourth-quarter net income rose to $8.98 million or $0.53 per share from $7.76 million or $0.45 per share in the prior year period. On average, 7 analysts polled by Thomson Reuters expected the company to report earnings of $0.46 per share for the quarter.
Operating revenues for the quarter increased to $23.41 million from $16.10 million in the comparable period. Four analysts estimated revenues of $20.68 million for the quarter.
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