Double Hull Tankers Reports 3Q Earnings

Double Hull Tankers Inc. said third-quarter net income fell to $6.9m, or 23 cents a share, which met the mean estimate of analysts polled by Thomson Financial. In the year-ago period, the company posted net income of $8.4 million, or 28 cents a share. Revenue for the St. Helier, Channel Islands-based tanker operating company fell to $20.1 million from $21.3 million a year ago, as a result of low refinery demand, and a market that was weaker than expected. The mean of three analysts was also $20.1 million. Source: Thomson Financial News