Genco Shipping & Trading Ltd is a maritime transportation company that specializes in the global shipping of dry bulk commodities, such as coal, iron ore, and grain
With a diverse fleet of modern vessels, the company operates in the international shipping industry, providing essential logistics services to fulfill the needs of various sectors, including energy, agriculture, and raw materials. Genco focuses on maintaining high operational standards and safety practices while leveraging its expertise to navigate the complexities of shipping routes and market dynamics, ensuring reliable delivery for its customers worldwide.
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Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Matson (NYSEMATX) and its peers.
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Genco’s stock price has taken a beating over the past six months, shedding 33.3% of its value and falling to $14.04 per share. This may have investors wondering how to approach the situation.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at marine transportation stocks, starting with Pangaea (NASDAQPANL).
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Genco (NYSEGNK) and its peers.
Maritime shipping company Genco (NYSEGNK) reported Q3 CY2024 results beating Wall Street’s revenue expectations, with sales up 105% year on year to $99.33 million. Its non-GAAP profit of $0.41 per share was in line with analysts’ consensus estimates.
Global shipping company ZIM Integrated Shipping Services (NYSEZIM) has seen its business improve across the board since the start of the Red Sea conflict.
Danaos Corp. (NYSEDAC) is a leader in the global container shipping industry. The company specializes in operating dry bulk and container vessels. Danaos owns
GNK stock results show that Genco Shipping & Trading missed analyst estimates for earnings per share but beat on revenue for the first quarter of 2024.
GK Investor LLC (“GK”), an affiliate of George Economou that is an approximately 5.3% shareholder of Genco Shipping & Trading Limited (“Genco” or the “Company”) (NYSEGNK), today announced that it has filed its definitive proxy statement with the U.S. Securities and Exchange Commission in connection with Genco’s 2024 Annual Meeting of Shareholders (the “Annual Meeting”), scheduled for May 23, 2024. In addition, GK is sending a letter to the Company’s shareholders which can be found below.
