Investing.com - Performance Shipping reported on Monday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Performance Shipping announced earnings per share of $0.100 on revenue of $22.13M. Analysts polled by Investing.com anticipated EPS of $0.200 on revenue of $7.8M.
Performance Shipping shares are down 67% from the beginning of the year , still down 94.80% from its 52 week high of $5.17 set on Tuesday, November 30, 2021.
Performance Shipping shares lost 14.75% in intra-day trade the report.
Performance Shipping follows other major Industrials sector earnings this month
Performance Shipping's report follows an earnings beat by United Parcel Service on Tuesday, October 25, 2022, who reported EPS of $2.99 on revenue of $24.59B, compared to forecasts EPS of $2.84 on revenue of $24.29B.
Honeywell had beat expectations on Thursday, October 27, 2022 with third quarter EPS of $2.25 on revenue of $8.95B, compared to forecast for EPS of $2.16 on revenue of $8.99B.
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