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Genco Shipping reports 4Q loss

NEW YORK (AP) _ Genco Shipping & Trading Ltd. (GNK) on Wednesday reported a loss of $24.5 million in its fourth quarter.

The New York-based company said it had a loss of $3.35 per share.

The transporter of drybulk cargo posted revenue of $43.9 million in the period.

For the year, the company reported that its loss widened to $217.2 million, or $29.95 per share. Revenue was reported as $135.6 million.

Genco Shipping shares have risen 62 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $11.97, a climb of 90 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 GNK at https://www.zacks.com/ap/GNK


Keywords: Genco Shipping & Trading, Earnings Report