Diana Shipping has trimmed its fourth-quarter loss amid much higher time charter revenue, meeting Wall Street expectations.
The Simeon Palios-led company posted adjusted net loss attributed to common shareholders of $15.9m versus red ink of $24.7m a year earlier.
Adjusted earnings per share (EPS) came in even with analyst consensus at $0.15 for the quarter.
The company's actual quarterly net loss attributable to common shareholders was $438.4m
