Dorian LPG Ltd (LPG) recently reported its third-quarter earnings, which have shown a decline compared to the previous year and fell short of analysts' expectations. The company's net income amounted to $21.36 million or $0.50 per share, a substantial decrease from last year's figure of $99.97 million or $2.47 per share. Without considering special items, Dorian LPG posted adjusted earnings of $18.50 million, equivalent to $0.43 per share for the quarter. Analysts had projected earnings of $0.61 per share, suggesting a shortfall in actual performance. The company's revenue for the quarter witnessed a significant drop of 50.5%, coming in at $80.67 million, down from $163.06 million the previous year.
Key financial highlights for Dorian LPG Ltd under Generally Accepted Accounting Principles (GAAP) include:
- Earnings: $21.36 million compared to $99.97 million last year.
- Earnings per Share (EPS): $0.50, down from $2.47 a year ago.
- Revenue: $80.67 million against last year's $163.06 million.
