Correction: Earns-Dorian story
In a story Aug. 5 story about Dorian LPG Ltd.'s earnings — generated by Automated Insights using data from Zacks Investment Research — The Associated Press erroneously reported the company's revenue. Revenue was $35.6 million. The story also mischaracterized how the figure compared with Wall Street expectations. It was better than Wall Street expected.
A corrected version of the story is below:
Dorian LPG beats 1Q revenue forecasts
Dorian LPG posts 1Q revenue of $35.6 million, result beats forecasts
Stamford, Connecticut (AP) — Dorian LPG Ltd. (LPG) on Wednesday reported fiscal first-quarter net income of $13.7 million.
On a per-share basis, the Stamford, Connecticut-based company said it had profit of 24 cents.
The liquified petroleum gas shipping company posted revenue of $35.6 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $35 million.
Dorian LPG shares have increased 10 percent since the beginning of the year. The stock has declined 26 percent in the last 12 months.
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Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LPG at http://www.zacks.com/ap/LPG
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Keywords: Dorian LPG, Earnings Report