Stock Track | Dorian LPG Soars 12% in Pre-market on Strong Q4 Earnings Beat

Stock Track

05/20

Dorian LPG's stock surged 12.00% in pre-market trading on Wednesday, following the release of its fourth-quarter financial results that significantly exceeded analyst expectations.

The company reported adjusted earnings per share of $1.89 for the quarter, beating the Ibes estimate of $1.47. Revenue also came in strong at $153.3 million, surpassing the estimated $129.3 million.

These better-than-expected results, which also included adjusted EBITDA of $106.6 million and net income of $81 million, provided a positive catalyst for investor sentiment, driving the substantial pre-market price increase.

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