Pangaea Logistics Solutions (PANL) Reports Q4 EPS of $0.00

Pangaea Logistics Solutions (NASDAQ: PANL) reported Q4 EPS of $0.00. Revenue for the quarter came in at $66.33 million versus the consensus estimate of $106.51 million.

Fourth Quarter Highlights

• Net income of $0.1 million in the fourth quarter of 2016 as compared to a net loss of $4.8 million in the same period of 2015.
• Income from operations of $0.8 million as compared to a loss from operations of $1.3 million in the fourth quarter of 2015.
• Total revenue increased to $66.3 million from $55.9 million in the fourth quarter of 2015.
• Total shipping days increased 18% over the fourth quarter of 2015.
• Vessel operating expense per day decreased 14% to $5,860 per day from $6,852 in the fourth quarter of 2015.

For earnings history and earnings-related data on Pangaea Logistics Solutions (PANL) click here.

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