Investing.com - International Seaways (NYSE:INSW) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
International Seaways announced earnings per share of $2.29 on revenue of $234.55M. Analysts polled by Investing.com anticipated EPS of $2.11 on revenue of $212.53M.
International Seaways shares are down 35% from the beginning of the year, still down 2.96% from its 52 week high of $46.99 set on November 8.
International Seaways shares gained 2.15% in intra-day trade following the report.
International Seaways follows other major Energy sector earnings this month
International Seaways's report follows an earnings beat by Exxon Mobil on October 28, who reported EPS of $4.45 on revenue of $112.07B, compared to forecasts EPS of $3.67 on revenue of $107.24B.
Chevron had beat expectations on October 28 with third quarter EPS of $5.66 on revenue of $66.64B, compared to forecast for EPS of $4.83 on revenue of $57.03B.
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