GNK Stock Earnings: Genco Shipping & Trading Misses EPS, Beats Revenue for Q1 2024

Avatar photo
GNK stock - GNK Stock Earnings: Genco Shipping & <a href=trading Misses EPS, Beats Revenue for Q1 2024″ decoding=”async” fetchpriority=”high” srcset=”https://investorplace.com/wp-content/uploads/2022/07/gnk-1600-768×432.png 768w, https://investorplace.com/wp-content/uploads/2022/07/gnk-1600-300×169.png 300w, https://investorplace.com/wp-content/uploads/2022/07/gnk-1600-1024×576.png 1024w, https://investorplace.com/wp-content/uploads/2022/07/gnk-1600-1536×864.png 1536w, https://investorplace.com/wp-content/uploads/2022/07/gnk-1600-200×113.png 200w, https://investorplace.com/wp-content/uploads/2022/07/gnk-1600-400×225.png 400w, https://investorplace.com/wp-content/uploads/2022/07/gnk-1600-116×65.png 116w, https://investorplace.com/wp-content/uploads/2022/07/gnk-1600-100×56.png 100w, https://investorplace.com/wp-content/uploads/2022/07/gnk-1600-89×50.png 89w, https://investorplace.com/wp-content/uploads/2022/07/gnk-1600-78×44.png 78w, https://investorplace.com/wp-content/uploads/2022/07/gnk-1600.png 1600w” sizes=”(max-width: 768px) 100vw, 768px”>

Source: Pres Panayotov / Shutterstock

Genco Shipping & trading (NYSE:GNK) just reported results for the first quarter of 2024.

  • Genco Shipping & trading reported earnings per share of 49 cents. This was below the analyst estimate for EPS of 52 cents.
  • The company reported revenue of $117.44 million.
  • This was 29.42% better than the analyst estimate for revenue of $90.74 million.

InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at [email protected].


Article printed from InvestorPlace Media, https://investorplace.com/earning-results/2024/05/gnk-stock-earnings-genco-shipping-trading-for-q1-of-2024/.

©2024 InvestorPlace Media, LLC

The free Daily Market Overview 250k traders and investors are reading

Read Now