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International Seaways Reports Fourth Quarter and Full Year 2024 Results

1. INSW reported a fourth-quarter net income of $36 million. 2. Full-year net income for 2024 reached $417 million.

Earnings
-7.76%Current Return
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-1.94%S&P 500
$36.4702/27 06:49 AM EDTEvent Start
$33.6402/28 01:21 PM EDTLatest Updated
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FAQ

Why Bullish?

The strong financial results signal solid operational performance for INSW, which historically leads to positive price adjustments for similar firms. For instance, previous earnings surges for tanker companies have correlated with stock price increases as confidence in management and market positioning grows.

How important is it?

The announcement of significant annual and quarterly earnings boosts investor confidence, likely influencing share price positively. Financial performance metrics are direct indicators of a company's profitability and stability, making this information crucial for stakeholders.

Why Short Term?

Given the recent quarterly results, investor sentiment may shift quickly, especially as market analysts react to immediate earnings news. In the past, positive quarterly results often lead to a swift recalibration of stock valuations in the short term.

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NEW YORK--(BUSINESS WIRE)--International Seaways, Inc. (NYSE: INSW) (the “Company,” “Seaways,” or “INSW”), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today reported results for the fourth quarter and full year of 2024. HIGHLIGHTS & RECENT DEVELOPMENTS Annual and Quarterly Results: Net income for the fourth quarter was $36 million, or $0.72 per diluted share. Net income for the full year of 2024 was $417 millio.

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