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Eagle Bulk Shipping reports 4Q loss

STAMFORD, Conn. (AP) _ Eagle Bulk Shipping Inc. (EGLE) on Thursday reported a loss of $142.4 million in its fourth quarter.

The Stamford, Connecticut-based company said it had a loss of $2.96 per share. Losses, adjusted for asset impairment costs, came to 41 cents per share.

The shipping company posted revenue of $41.8 million in the period.

For the year, the company reported that its loss widened to $223.5 million, or $10.87 per share. Revenue was reported as $124.5 million.

Eagle Bulk Shipping shares have dropped 1 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $5.79, a fall of 61 percent 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


Keywords: Eagle Bulk Shipping, Earnings Report