U.S. markets closed
  • S&P 500

    4,185.47
    +15.05 (+0.36%)
     
  • Dow 30

    34,200.67
    +164.67 (+0.48%)
     
  • Nasdaq

    14,052.34
    +13.54 (+0.10%)
     
  • Russell 2000

    2,262.67
    +5.60 (+0.25%)
     
  • Crude Oil

    63.07
    -0.06 (-0.10%)
     
  • Gold

    1,777.30
    -2.90 (-0.16%)
     
  • Silver

    26.04
    -0.06 (-0.25%)
     
  • EUR/USD

    1.1980
    +0.0004 (+0.04%)
     
  • 10-Yr Bond

    1.5730
    +0.0430 (+2.81%)
     
  • GBP/USD

    1.3841
    +0.0057 (+0.41%)
     
  • USD/JPY

    108.7830
    +0.0670 (+0.06%)
     
  • BTC-USD

    55,658.33
    -5,314.05 (-8.72%)
     
  • CMC Crypto 200

    1,398.97
    +7.26 (+0.52%)
     
  • FTSE 100

    7,019.53
    +36.03 (+0.52%)
     
  • Nikkei 225

    29,683.37
    +40.67 (+0.14%)
     

Eagle Bulk Shipping: Q4 Earnings Snapshot

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.

STAMFORD, Conn. (AP) _ Eagle Bulk Shipping Inc. (EGLE) on Thursday reported fourth-quarter net income of $115,000, after reporting a loss in the same period a year earlier.

On a per-share basis, the Stamford, Connecticut-based company said it had net income of 1 cent.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 27 cents per share.

The shipping company posted revenue of $75.2 million in the period. Its adjusted revenue was $55.6 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $54.4 million.

For the year, the company reported that its loss widened to $35.1 million, or $3.40 per share. Revenue was reported as $185.6 million.

Eagle Bulk Shipping shares have risen 64% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $31.20, an increase of 32% in the last 12 months.

_____

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