Revenue Update on Diana Shipping(NYSE:DSX)

Diana Shipping(NYSE:DSX) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 14, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $28.020M. Analysts estimated a revenue of $28.030M. The revenues were -0.04% below the estimates. Earnings per share were $-0.37. The reported EPS was above estimates by 7.5%. Analysts had estimated an EPS of $-0.4.

Diana Shipping (DSX) shares turned negative on Wednesdays trading session with the shares closing down -0.31 points or -7.51% at a volume of 11,54,370. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $4.09. The peak price level was also seen at $4.09 while the days lowest was $3.81. Finally the shares closed at $3.82. The 52-week high of the shares is $4.97 while the 52-week low is $2.11. According to the latest information available, the market cap of the company is $324 M.

Diana Shipping Inc. is a holding company. The Company is a provider of shipping transportation services. It specializes in the ownership of dry bulk vessels. Its fleet consists of approximately 40 dry bulk vessels including two Newcastlemax 12 Capesize three Post-Panamax three Kamsarmax and 20 Panamax. It specializes in transporting dry bulk cargoes including commodities such as iron ore coal grain and other materials along shipping routes around the world. The Company wholly owns directly or indirectly the subsidiaries which own the vessels that comprise its fleet. It holds an interest in Diana Containerships Inc. a provider of shipping transportation services through its ownership of containerships which owns and operates eleven container vessels including four Post-Panamax and seven Panamax. Its vessels include Danae Dione Erato Leto Myrto Boston Los Angeles and Alcmeme among others.

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