06:28 AM EDT, 05/06/2024 (MT Newswires) -- Westshore Terminals Investment Corp. ( WTSHF ) over the weekend reported first-quarter earnings of $15.2 million, or $0.24 per share, down from $32.9 million, or $0.53 per share, a year earlier.

Four analysts polled by Capital IQ expected $0.43.

Revenue for the quarter ended March 31 was $84.8 million, down from $99 million a year earlier.

Four analysts surveyed by Capital IQ expected $87.9 million.

Tonnage shipped for Q1 was 6 million tonnes, as compared with 6.9 million tonnes for the same period in 2023, the company said.

Looking ahead, the company said 2024 throughput volumes are expected to be about 25.5 million tonnes at an average loading charge of about $13.40 per tonne.