Top Tankers 3Q Loss Widens

November 9, 2007

Shares of Top Tankers (NASDAQ:TOPT) Inc. fell after the company said its third-quarter loss widened from the previous year. The Athens, Greece-based crude-oil shipper posted a net loss of $18.4m, or 50 cents a share. Voyage revenue fell to $51.2m. The company said revenue fell on weakness in its crude oil division. In the year-ago period, the company posted a net loss of $11.4m, or 35 cents a share, on voyage revenue of $70.6m. Shares of Top Tankers fell 7.7% to $4.65. [Source: Thomson Financial]

Top Tankers 3Q Loss Widens

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