DHT Holdings reported a narrower than expected loss for the third-quarter in which it extended period contracts for three of its tankers.

The VLCC specialist reported a $5.1m loss for the third quarter, which translated to a $0.04 per share loss. Those figures topped Wall Street consensus estimate for a $0.08 per share loss.

Investors cheered the results driving DHT's stock up 5% in after-hours trading to $4.08