Eagle Bulk Shipping: Q2 Earnings Snapshot
STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Eagle Bulk Shipping Inc. (EGLE) on Thursday reported second-quarter profit of $18 million.
On a per-share basis, the Stamford, Connecticut-based company said it had net income of $1.21. Earnings, adjusted for non-recurring gains, were $1.13 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.
The shipping company posted revenue of $101.4 million in the period. Its adjusted revenue was $75.9 million, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $72.8 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EGLE at https://www.zacks.com/ap/EGLE
