Eagle Bulk Shipping: Q4 Earnings Snapshot

Associated Press Finance
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STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Eagle Bulk Shipping Inc. (EGLE) on Friday reported net income of $6.7 million in its fourth quarter.

The Stamford, Connecticut-based company said it had profit of 63 cents per share. Earnings, adjusted for non-recurring costs, came to $1.13 per share.

The shipping company posted revenue of $104.6 million in the period. Its adjusted revenue was $80.6 million, exceeding Street forecasts. Four analysts surveyed by Zacks expected $76.2 million.

For the year, the company reported profit of $22.7 million, or $1.96 per share. Revenue was reported as $287.1 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

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