BUZZ — International Seaways up after prelim Q3 revenue tops estimates
* US oil tanker shipping company International Seaways up 2.9% at $116.4 premarket * Reports Q3 preliminary revenue in the range of $480 mln-$490 mln, above analysts' consensus estimates of $315.75 mln, according to data compiled by LSEG * INSW reports Q3 prelim net income in the range of $340 mln-$350 mln vs estimates of $174.5 mln * Says Q3 results driven primarily by strong market conditions * Full earnings release is due on November 5 * Co also announces acquisition of Bruton in deal valuing shipping firm at approx $370 mln; Bruton shares were last down 5% * 7 of 8 brokerages rate the stock "buy" or higher and 1 "hold"; median PT $128 - data compiled by LSEG * As of last close, INSW stock has more than doubled YTD (Reporting by Jayasree Prabhu) ((Jayasree.Prabhu@thomsonreuters.com)
* US oil tanker shipping company International Seaways up 2.9% at $116.4 premarket * Reports Q3 preliminary revenue in the range of $480 mln-$490 mln, above analysts' consensus estimates of $315.75 mln, according to data compiled by LSEG * INSW reports Q3 prelim net income in the range of $340 mln-$350 mln vs estimates of $174.5 mln * Says Q3 results driven primarily by strong market conditions * Full earnings release is due on November 5 * Co also announces acquisition of Bruton in deal valuing shipping firm at approx $370 mln; Bruton shares were last down 5% * 7 of 8 brokerages rate the stock "buy" or higher and 1 "hold"; median PT $128 - data compiled by LSEG * As of last close, INSW stock has more than doubled YTD (Reporting by Jayasree Prabhu) ((Jayasree.Prabhu@thomsonreuters.com)