Ardmore Shipping Corp
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Energy : Oil, Gas & Consumable Fuels | Small Cap Value
Based in Bermuda
Company profile

Ardmore Shipping Corporation provides seaborne transportation of petroleum products and chemicals to national oil companies, oil and chemical traders, and chemical companies, with its fleet of mid-size product and chemical tankers. The Company's segment relates to the operations of its vessels. The Company's fleet consists of over 20 double-hulled product and chemical tankers, all of which are in operation. The Company's vessels include Ardmore Seavaliant, Ardmore Seaventure, Ardmore Seavantage, Ardmore Seavanguard, Ardmore Sealion, Ardmore Seafox, Ardmore Seahawk, Ardmore Endeavour, Ardmore Seafarer, Ardmore Seatrader, Ardmore Seamaster and Ardmore Sealeader. The Company has over 30 subsidiaries, the majority of which represent single ship-owning companies for its fleet. Its subsidiaries include Ardmore Shipping (Bermuda) Limited (ASBL), Ardmore Shipping Services (Ireland) Limited (ASSIL), Ardmore Shipping (Asia) Pte. Limited and Ardmore Shipping (Americas) LLC.

Closing Price
$3.41
Day's Change
0.03 (0.89%)
Bid
--
Ask
--
B/A Size
--
Day's High
3.45
Day's Low
3.35
Volume
(Light)
Volume:
84,995

10-day average volume:
243,312
84,995

Analog Devices tops earnings expectations

7:32 am ET May 19, 2021 (MarketWatch)
Print

Analog Devices Inc. (ADI) topped earnings and revenue expectations for its latest quarter Wednesday morning. The company reported fiscal second-quarter net income of $423 million, or $1.14 a share, up from $268 million, or 72 cents a share, in the year-earlier period. On an adjusted basis, Analog Devices recorded earnings per share of $1.54, up from $1.08 a year prior and ahead of the FactSet consensus, which called for $1.45. Analog Devices saw revenue rise to $1.66 billion from $1.32 billion, while analysts tracked by FactSet were projecting $1.61 billion. "The economic recovery has materialized faster and stronger than initially anticipated, increasing pressure across supply chains globally," Chief Executive Vincent Roche said in a release. "Our decision to strategically invest in additional capacity ahead of this demand inflection has enabled us to move with speed and agility to better serve our customers." For the fiscal third quarter, Analog Device expects revenue of $1.7 billion at the midpoint of its outlook and adjusted EPS of $1.61 at the midpoint. Analysts tracked by FactSet were projecting $1.65 billion in revenue and $1.54 in adjusted EPS. Shares have declined 10.9% over the past three months as the S&P 500 has increased 5.5%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

May 19, 2021 07:32 ET (11:32 GMT)

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