SFL Reports Q3 Earnings Beat with $0.26 GAAP EPS and $202 Million Revenue
SFL has reported third-quarter financial results that exceeded market expectations, posting a GAAP EPS of $0.26, which surpassed estimates by $0.19. The company's revenue reached $202 million, representing a 13.3% increase year-over-year and beating projections by $30.35 million. In addition to the earnings beat, SFL reported an adjusted EBITDA of $122 million, which includes $8 million from associated companies. The company also strengthened its long-term outlook by securing a seven-year charter extension for six 15,400 TEU container vessels.
Tickers: $SFL
Topics: charter extension container shipping earnings beat revenue growth