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Safe Bulkers: 1Q Earnings Snapshot

MONACO (AP) _ Safe Bulkers Inc. (SB) on Tuesday reported first-quarter net income of $5.4 million.

On a per-share basis, the company said it had profit of 3 cents.

The shipping company posted revenue of $50.5 million in the period. Its adjusted revenue was $48.3 million.

The company's shares closed at $1.61. A year ago, they were trading at $3.04.

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