TEN, Ltd. reports Q1 EPS $1.60, two estimates $1.81

Reports Q1 voyage revenue $201.6M vs. $261.2M last year. “True to our strategy of vessel divestments and timely acquisitions, including new orders, TEN maintains the reputation it has built over the decades in the global maritime energy markets,” Mr. George Saroglou, President & COO of TEN commented. “With such heightened renewals activity since the beginning of the year, coupled with a dividend that is twice the amount paid to shareholders this time last year, we remain confident the TEN’s stock price will continue to rise and eventually reflect it’s true value.”