Nordic American Tankers: Q1 Earnings Snapshot
May 27, 2021
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HAMILTON, Bermuda (AP) Nordic American Tankers Ltd. (NAT) on Wednesday reported a first-quarter loss of $25 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Hamilton, Bermuda-based company said it had a loss of 16 cents.
The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 16 cents per share.
The tanker company posted revenue of $18.8 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $20.5 million.
The company s shares closed at $3.54. A year ago, they were trading at $4.76.
Nordic American Tankers Limited: Nordic American Tankers Ltd (NYSE: NAT) - First quarter 2021 - At a turning point - Fleet value going up
Sincerely, CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.
The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words believe, anticipate, intend, estimate
Nordic American Tankers reports $25m loss royalgazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from royalgazette.com Daily Mail and Mail on Sunday newspapers.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.
The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “will,” “may,” “should,” “expect,” “pending” an
Friday, April 30, 2021 Dear Shareholders and Investors, Nordic American Tankers Limited. The Annual Report on Form 20-F, which includes NAT's complete 2020 audited financial statements, is also available