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Safe Bulkers: 3Q Earnings Snapshot

·1 min read

MONACO (AP) _ Safe Bulkers Inc. (SB) on Wednesday reported third-quarter profit of $3.3 million.

The company said it had profit of less than 1 cent on a per-share basis.

The shipping company posted revenue of $51.9 million in the period. Its adjusted revenue was $46.9 million.

In the final minutes of trading on Wednesday, the company's shares hit 98 cents. A year ago, they were trading at $1.68.

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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