Dorian LPG Ltd Q3 Profit Decreases, Misses Estimates

(RTTNews) - Dorian LPG Ltd (LPG) announced earnings for third quarter that decreased from last year and missed the Street estimates.

The company's bottom line totaled $21.36 million, or $0.50 per share. This compares with $99.97 million, or $2.47 per share, last year.

Excluding items, Dorian LPG Ltd reported adjusted earnings of $18.50 million or $0.43 per share for the period.

Analysts on average had expected the company to earn $0.61 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 50.5% to $80.67 million from $163.06 million last year.

Dorian LPG Ltd earnings at a glance (GAAP) :

-Earnings: $21.36 Mln. vs. $99.97 Mln. last year. -EPS: $0.50 vs. $2.47 last year. -Revenue: $80.67 Mln vs. $163.06 Mln last year.