StealthGas misses Q3 earnings and revenue forecasts

nl.investing.com (Dutch)

StealthGas reported third-quarter earnings and revenue that fell short of analyst expectations on Wednesday, with earnings per share of $0.460 and revenue of $42.91 million against forecasts of $0.500 and $43.8 million. Despite the miss, StealthGas shares have risen 35% this year, outperforming the Nasdaq's 12% gain. The company's results follow recent energy sector reports, including ConocoPhillips' Q2 beat on August 6 and Petroleo Brasileiro's higher-than-expected earnings on August 7. The earnings miss comes amid broader market volatility, with government debt prices falling and inflation concerns driving interest rates to multi-year highs, according to Investing.com data.


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StealthGas misses Q3 earnings and revenue forecasts | News Minimalist