Golden Ocean Group Limited Missed Consensus Estimates

Golden Ocean Group Limited (GOGL) reported a loss of $0.19 per share on revenue of $141.93 million for the first quarter ended March 2025. The consensus estimate was a loss of $0.10 per share on revenue of $692.84 million. The company missed consensus estimates by 90.00% while revenue fell 42.48% compared to the same quarter a year ago.

Golden Ocean Group Limited is a shipping company which engaged in the transportation of dry bulk cargoes. It operates primarily in the Capesize and Panamax market. Golden Ocean Group Limited, formerly known as Knightsbridge Shipping Limited, is based in HAMILTON, Bermuda.