GasLog Ltd. (NYSE:GLOG) 1Q18 Earnings Beat Street View

GasLog Ltd. (NYSE:GLOG) reported first quarter earnings before the bell today, that missed street view.

On a GAAP basis, GLOG reported net income of $ 42.54 million or 21 cents per share, compared with income of $ 23.39 million or 8 cents per share, a year ago period.

Headquartered in Monaco, GLOG recorded revenue that rose 8% to $ 138.48 million from $ 128.29 million in the same quarter last year.

Analysts polled by Thomson Reuters expected GasLog to reveal income of $ 0.07 per share on revenue of $ 145.78 million for the first quarter.

Paul Wogan, Chief Executive Officer, stated: I am pleased to report another record quarter of revenues and EBITDA for GasLog, driven by the initial contribution of our 2018 newbuild deliveries and the stronger performance of the vessels operating in the LNG carrier pooling arrangement.

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