Eagle Bulk Shipping (EGLE) Posts Narrower Q2 Loss
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Eagle Bulk Shipping Inc. Reports Second Quarter 2016 Results
August 8, 2016 4:15 PM EDTSTAMFORD, Conn., Aug. 8, 2016 /PRNewswire/ -- Eagle Bulk Shipping Inc. (NASDAQ: EGLE) today announced its results for the second quarter ended June 30, 2016.Â
Second Quarter Highlights:
All references to common stock and per share data have been retrospectively adjusted to reflect a 1 for 20 reverse stock split effective as of the open of trading on August 5, 2016.
Net loss of $22.5 million or $9.98 loss per share compared to a net loss of $27.5 million or $14.62 loss per share for the comparable quarter in 2015. Net revenues of $25.6 million, compared to... MoreEagle Bulk Shipping Inc. Announces Reverse Stock Split
August 5, 2016 9:00 AM EDTSTAMFORD, Conn., Aug. 5, 2016 /PRNewswire/ -- Eagle Bulk Shipping Inc. (Nasdaq: EGLE) (the "Company") today announced that it has effected a 1-for-20 reverse stock split of its issued and outstanding shares of common stock. The reverse stock split, which was previously approved by the Company's Board of Directors and shareholders, took effect as of 5:00 p.m., Eastern Time, August 4, 2016. Upon the effectiveness of the reverse stock split, every 20 shares of issued and outstanding common stock were combined into one issued and outstanding share of common stock, with no change... More
