Stock Track | Okeanis Eco Tankers Plummets 7.35% as Q4 Earnings Miss Overshadows Dividend

Stock Track

Feb 20, 2025

Shares of Okeanis Eco Tankers Corp. (ECO) plummeted 7.35% during Thursday's intraday trading session. The sharp sell-off came despite the company declaring a quarterly dividend of $0.35 per share.

ECO reported lower revenues of $85.2 million for Q4 2024, down from $91.7 million in Q4 2023. Net profit also slid to $13.2 million from $21.3 million in the prior year period. Earnings per share declined to $0.41 from $0.66 a year ago.

While the dividend payout may have provided some support, ECO's weaker Q4 2024 financial performance appears to have overshadowed the dividend announcement, triggering a sell-off in the stock. Investors seem disappointed by the year-over-year declines in revenues, profits and earnings, despite the company's efforts to return cash to shareholders.

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(ECO) plummeted 7.35% during Thursday's intraday trading session. The sharp sell-off came despite the company declaring a quarterly dividend of $0.35 per share.</p>\n\n<p>ECO reported lower revenues of $85.2 million for Q4 2024, down from $91.7 million in Q4 2023. Net profit also slid to $13.2 million from $21.3 million in the prior year period. Earnings per share declined to $0.41 from $0.66 a year ago.</p>\n\n<p>While the dividend payout may have provided some support, ECO's weaker Q4 2024 financial performance appears to have overshadowed the dividend announcement, triggering a sell-off in the stock. Investors seem disappointed by the year-over-year declines in revenues, profits and earnings, despite the company's efforts to return cash to shareholders.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ECO","symbol_name":"Okeanis Eco Tankers","start_time":0,"source_url":"","article_id":"1189692170","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1189692170","pubTimestamp":1740061981,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Okeanis Eco Tankers Corp.  plummeted 7.35% during Thursday's intraday trading session. 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