GasLog Partners Down After Reporting Decline In Q2 Revenue

(RTTNews) - GasLog Partners LP (GLOP) shares are sliding on Tuesday morning trade after the company reported a decline in revenue for the second quarter that missed estimates.

The company posted a 17 percent decline in quarterly revenue to $70.35 million from $84.45 million in the prior year. Analysts were looking for revenue of $75.08 million.

Earnings for the second quarter were $14.66 million or $0.14 per, up from $8.21 million or $0.01 per share in the prior year. On an adjusted basis, earnings were $0.10 per share.

Currently, shares are at $4.07, down 22.62 percent from the previous close of $5.26 on a volume of 1,451,727. For the 62-week period, the shares are at $2.10-$5.93 on average volume of 1,183,365.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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