Nov 25, 01:23 PM

Diana Shipping Reports Q3 Net Income of $3.7M, EPS of $0.02; Declares $0.01 Dividend as Shares Drop 14%

Diana Shipping Inc. (DSX) reported its financial results for the third quarter of 2024, revealing a net income of $3.7 million and earnings per share (EPS) of $0.02. The company declared a cash dividend of $0.01 per common share, a decrease from $0.075 in the previous quarter. Following the announcement, DSX shares fell by 14% in pre-market trading. The shipping sector also saw movements from other companies, with ZIM down 6% and GASS down 4.5% after their respective quarterly reports. Additionally, two other shipping firms, MPCC and TEN, are scheduled to report their earnings soon. MPCC is expected to announce an adjusted EPS of $0.13 and a dividend of $0.10, while TEN's report is anticipated to show an EPS of $0.67 and a confirmed dividend of $0.90 for December.

#DSX #ZIM #GASS #MPCC #TEN

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