Baltic Trading (BALT) Misses Q1 EPS by 59c
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Baltic Trading Limited Announces First Quarter Financial Results
May 4, 2015 4:38 PM EDTNEW YORK, May 4, 2015 /PRNewswire/ --Â Baltic Trading Limited (NYSE: BALT) ("Baltic Trading" or the "Company") today reported its financial results for the three months ended March 31, 2015.
The following financial review discusses the results for the three months ended March 31, 2015 and March 31, 2014.
First Quarter 2015 and Year-to-Date Highlights
Entered into a definitive merger agreement with Genco Shipping & Trading Limited ("Genco") on April 7, 2015, under which Genco agreed to acquire Baltic Trading in a stock-for-stock transaction; Recorded a net loss of $42.4 million, or $0.75... More