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.
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