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DHT Holdings (DHT) Stock Advances in After-Hours Trading on Q2 Beat

NEW YORK (TheStreet) -- Shares of DHT Holdings (DHT) were increasing 5.21% to $5.05 in after-hours trading on Tuesday after the Bermuda-based crude oil tank holding company reported better-than-expected second quarter results.

After today's market close, DHT Holdings posted earnings of 34 cents per share, surpassing consensus estimates of 30 cents per share. Revenue came in at $83.2 million, which beat Wall Street's expected $82.44 million.

Last year, the company reported earnings of 22 cents per share on revenues of $68 million.

Vessel operating expenses for the second quarter of 2016 were $15.6 million, compared to $14 million in 2015, as a result of increases in DHT Holdings' fleet. The company...