Diana Shipping Reports Q3 Profit - Quick Facts

(RTTNews) - Diana Shipping Inc. (DSX), a global shipping company specializing in the ownership of dry bulk vessels, reported third-quarter net income to stockholders of $6.3 million, compared to a loss of $3.2 million, prior year. Profit per share was $0.08, compared to a loss of $0.04.

On average, 20 analysts polled by Thomson Reuters expected the company to report third-quarter loss per share of $0.07. Analysts' estimates typically exclude special items.

Time charter revenues increased to $45.15 million from $41.94 million, a year ago. The company said the increase in revenues was mainly due to the increase in ownership days resulting from the enlargement of fleet and was partly offset by decreased time charter rates compared to the third quarter of 2013. Analysts expected revenue of $44.85 million for the quarter.