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Safe Bulkers: 3Q Earnings Snapshot

MONACO (AP) _ Safe Bulkers Inc. (SB) on Thursday reported third-quarter profit of $5.2 million.

The company said it had net income of 2 cents per share. Earnings, adjusted for non-recurring costs, came to 3 cents per share.

The shipping company posted revenue of $50.7 million in the period. Its adjusted revenue was $47.1 million.

In the final minutes of trading on Thursday, the company's shares hit $1.97. A year ago, they were trading at $2.31.


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