BUZZ-Golden Ocean falls on Q3 profit miss

Reuters11-27

BUZZ-Golden <a href="https://laohu8.com/S/1B6.SI">Ocean</a> falls on Q3 profit miss

** Shares of dry bulk vessel firm Golden Ocean Group GOGL.O fall 8.29% to $9.96 premarket as co's third-quarter profit missed analysts' estimates

** The Hamilton Bermuda-based company reported third-quarter basic earnings per share of 28 cents, compared with analysts' estimate of 32 cents- LSEG data

** "Its 4Q bookings are looking slightly softer but healthy nonetheless, and breakeven costs per day were lowered slightly," says Jefferies

** Jefferies lowers its fourth-quarter EPS estimate to 24 cents from a previous estimate of 27 cents, with consensus currently at 34 cents

** Co said it entered into agreements to sell two older vessels in Q4 for a total of $56.8 million, witch Jefferies says is below its deal value assessment of $59 million

** Shares of Norwegian oil tanker group Frontline FRO.OL fell 11% after Israel-Hezbollah ceasefire and a 'disappointing' Q3 print

** Up to last close, shares were up 11.3% YTD

(Reporting by Joao Manuel Mauricio)

((JoaoManuel.VicenteMauricio@thomsonreuters.com))

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