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Safe Bulkers: 1Q Earnings Snapshot

MONACO (AP) _ Safe Bulkers Inc. (SB) on Monday reported a first-quarter loss of $9.9 million, after reporting a profit in the same period a year earlier.

The company said it had a loss of 12 cents per share. Losses, adjusted for non-recurring gains, were 13 cents per share.

The shipping company posted revenue of $45.7 million in the period. Its adjusted revenue was $32.5 million.

In the final minutes of trading on Monday, the company's shares hit $1.40. A year ago, they were trading at $1.42.


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