Investing.com - Tsakos Energy (NYSE:TNP) reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Tsakos Energy announced earnings per share of $1.31 on revenue of $162.74M. Analysts polled by Investing.com anticipated EPS of $1.53 on revenue of $163.52M.
Tsakos Energy shares are up 147.65% from the beginning of the year, still down 4.83% from its 52 week high of $18.84 set on September 14.
Tsakos Energy shares lost 3.65% in intra-day trade following the report.
Tsakos Energy follows other major Energy sector earnings this month
Tsakos Energy's report follows an earnings beat by Adaro Energy ADR on August 29, who reported EPS of $1.31 on revenue of $2.32B, compared to forecasts EPS of $0.8644 on revenue of $2.32B.
Archaea Energy had missed expectations on August 16 with second quarter EPS of $-0.18 on revenue of $77.22M, compared to forecast for EPS of $0.1287 on revenue of $80M.
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