Dorian LPG reported Wednesday financial results for fiscal Q4, with earnings and revenue that both topped analysts’ expectations; it also provided guidance for fiscal 2017.
For the quarter ended March 31, the owner and operator of LPG tankers posted adjusted earnings of $0.02 per share, compared with the prior-year period’s $0.60 per share. Analysts polled by Capital IQ were expecting a loss of $0.14 per share. Revenue was $47.6 million, down from $85.3 million in the same quarter last year. The Street view was for revenue of $38.1 million.