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Stock Market & Financial Investment News

News Breaks
November 15, 2012
19:41 EDTISHInternational Shipholding terminates common stock offering
International Shipholding Corporation announced that, in light of current market conditions, it has decided not to proceed with its previously-announced common stock offering at this time. The acquisition of U.S. United Ocean Services continues on course for closing later this month through alternative financing sources.
News For ISH From The Last 14 Days
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April 15, 2014
09:35 EDTISHInternational Shipholding downgraded to Neutral from Buy at Sidoti
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April 14, 2014
16:16 EDTISHInternational Shipholding sees Q1 net loss ($3.7M)-($3.3M)
International Shipholding announced that it expects to report a Q1 net loss, before preferred dividends, in the range of ($3.7M)-($3.3M). One analyst estimate for Q1 EPS 23c. This result for the quarter is primarily attributable to lower than projected results from supplemental cargoes, repositioning days in the international dry bulk segment and out-of-service days in the Jones Act fleet related to both adverse weather conditions and repairs due to a machinery casualty to one vessel, which have since been completed. As a result of this, the company now expects its FY14 EBITDA to be $60M-$64M.

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