U.S. Markets open in 2 hrs

Golden Ocean Group: 1Q Earnings Snapshot

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