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:
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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