Dorian LPG Ltd (LPG) announced earnings for third quarter that decreased from last year and missed the Street estimates.
The company's bottom line totaled $21.36 million, or $0.50 per share. This compares with $99.97 million, or $2.47 per share, last year.
Excluding items, Dorian LPG Ltd reported adjusted earnings of $18.50 million or $0.43 per share for the period.
Analysts on average had expected the company to earn $0.61 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 50.5% to $80.67 million from $163.06 million last year.
Dorian LPG Ltd earnings at a glance (GAAP) :
-Earnings: $21.36 Mln. vs. $99.97 Mln. last year.
-EPS: $0.50 vs. $2.47 last year.
-Revenue: $80.67 Mln vs. $163.06 Mln last year.
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