DHT Holdings: Q1 Earnings Snapshot

HAMILTON, Bermuda (AP) _ DHT Holdings Inc. (DHT) on Tuesday reported first-quarter earnings of $11.6 million.

The Hamilton, Bermuda-based company said it had net income of 7 cents per share. Earnings, adjusted for non-recurring gains, were 5 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The independent oil tanker company posted revenue of $87 million in the period. Its adjusted revenue was $71.3 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $66.6 million.

DHT Holdings shares have increased 15% since the beginning of the year. The stock has dropped 18% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DHT at https://www.zacks.com/ap/DHT