Performance Shipping Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 24.11 million compared to USD 22.13 million a year ago. Net income was USD 10.37 million compared to USD 10.68 million a year ago. Basic earnings per share from continuing operations was USD 0.88 compared to USD 3.83 a year ago. Diluted earnings per share from continuing operations was USD 0.27 compared to USD 1.5 a year ago.
For the nine months, sales was USD 85.1 million compared to USD 47.41 million a year ago. Net income was USD 44.45 million compared to USD 12.47 million a year ago. Basic earnings per share from continuing operations was USD 3.26 compared to USD 2.35 a year ago. Diluted earnings per share from continuing operations was USD 1.25 compared to USD 0.6 a year ago.