Investing.com - Performance Shipping reported on Monday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Performance Shipping announced earnings per share of $0.100 on revenue of $22.13M. Analysts polled by Investing.com EPS of $0.200 on revenue of $7.8M.
Performance Shipping 's are down 67% and is trading at $0.269 , still down 94.80% from its 52 week high of $5.17 set on Tuesday, November 30, 2021.
Performance Shipping shares lost 14.75% to trade at $0.269 in intra-day trade the report.
Performance Shipping follows other major Industrials sector earnings this month
Performance Shipping's report follows an earnings beat by United Parcel Service on Tuesday, October 25, 2022, who reported EPS of $2.99 on revenue of $24.59B, EPS of $2.84 on revenue of $24.29B.
Honeywell had beat expectations on Thursday, October 27, 2022 with third quarter EPS of $2.25 on revenue of $8.95B, for EPS of $2.16 on revenue of $8.99B.
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