Pyxis Tankers Inc. Announces Financial Results for the Three Months and Year Ended December 31, 2019
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Pyxis Tankers Inc. (PXS) Misses Q4 EPS by 15c, Revenues Miss
March 20, 2020 7:01 AM EDTPyxis Tankers Inc. (NASDAQ: PXS) reported Q4 EPS of ($0.17), $0.15 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $7.3 million versus the consensus estimate of $7.58 million.
Valentios Valentis, our Chairman and CEO commented:
Our operating results for the three months ended December 31, 2019 reflected a better overall market compared to the same period in 2018. During the fourth quarter, 2019 charter rates for medium range tankers (MRs) continued to improve primarily as a result of seasonal demand and strong market fundamentals. We operated all of our MRs on staggered time charters in order... More
