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Pangaea Logistics: 4Q Earnings Snapshot

NEWPORT, R.I. (AP) _ Pangaea Logistics Solutions Ltd. (PANL) on Monday reported a loss of $4.4 million in its fourth quarter.

On a per-share basis, the Newport, Rhode Island-based company said it had a loss of less than 1 cent. Earnings, adjusted for asset impairment costs and non-recurring costs, came to 10 cents per share.

The maritime logistics company posted revenue of $130.5 million in the period.

For the year, the company reported profit of $11.7 million, or 27 cents per share. Revenue was reported as $412.2 million.

In the final minutes of trading on Monday, the company's shares hit $1.65. A year ago, they were trading at $3.26.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PANL at https://www.zacks.com/ap/PANL