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Stealth Gas Reports Better Than Expected Earnings and Revenues

Stealth Gas Reports Better Than Expected Earnings and Revenues

StealthGas (GASS) reported Q1 adjusted net income of $7.2 million,or $0.21 per share, beating analyst estimates of $0.20. This compares to adjusted net income of $5.3 million, or $0.26 per share for the same quarter last year. Revenue of $33.9 million also beat the estimates of $32.2 million, and is up 15% from Q1 2013.Shares of GASS are up more than 1% to $10.10 with a 52-week range of $5.34 to $13.00. Thanks.

Stealth Gas Reports Better Than Expected Earnings and Revenues