Correction: Earns-Dorian story

MarketsAssociated Press

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:

Continue Reading 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.

_____

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

_____

Keywords: Dorian LPG, Earnings Report