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Scorpio Bulkers: 3Q Earnings Snapshot

MONACO (AP) _ Scorpio Bulkers Inc. (SALT) on Monday reported a loss of $354,000 in its third quarter.

The company said it had a loss of 1 cent per share. Earnings, adjusted for non-recurring costs, were 2 cents per share.

The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The dry bulk ocean shipper posted revenue of $62.5 million in the period. Its adjusted revenue was $62.4 million, also missing Street forecasts. Seven analysts surveyed by Zacks expected $63.1 million.

Scorpio Bulkers shares have decreased 14 percent since the beginning of the year. The stock has decreased 23 percent in the last 12 months.

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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 SALT at https://www.zacks.com/ap/SALT