Diana Shipping (DSX) Posts Q3 Loss of 99c/Share; Terminates Talks with Lenders

Diana Shipping (NYSE: DSX) reported Q3 EPS of ($0.99), $0.58 worse than the analyst estimate of ($0.41). Revenue for the quarter came in at $27.1 million versus the consensus estimate of $27.98 million.

The Company has concluded, without agreement, its previously-announced discussions with its lenders with respect to certain proposed amendments of its outstanding loan facilities which were subject to the agreement of all of the Company’s lenders on similar terms. The Company has also terminated its engagement of a financial advisor in connection with such discussions. The Company is current in all payments of principal and interest under each of its existing loan facilities. The Company does not currently anticipate resuming such discussions with its lenders.

For earnings history and earnings-related data on Diana Shipping (DSX) click here.

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