HAMILTON, Bermuda (AP) _ Golden Ocean Group Ltd. (GOGL) on Wednesday reported a first-quarter loss of $7.5 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Hamilton, Bermuda-based company said it had a loss of 5 cents.
The shipping company posted revenue of $126 million in the period. Its adjusted revenue was $91.8 million.
Golden Ocean Group shares have decreased 16% since the beginning of the year. The stock has dropped 37% 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 GOGL at https://www.zacks.com/ap/GOGL