Top Tankers Inc. tops Q2 estimates

Shares of Top Tankers Inc. (Nasdaq: TOPT) are cruising higher this morning after the Greek shipper of crude oil reported second-quarter results above analyst estimates.

For the three months ended June 30, the small-cap recorded net income of $5.8 million, or $0.18 per share, while two analysts polled by Thomson Financial expected earnings of $0.02 per share. This compares with a net loss of $6.8 million, or $0.24 per share, for the second quarter of 2006.

Shares of Top Tankers climbed 8.55%, or $0.57, to $7.24 in pre-market trading.

(See related story, An interview with Kevin Kennedy, Aug 1)

For access to the full article, you must be a registered member - it's FREE.

Already a member? Please log in below