Eagle Bulk Shipping (EGLE) Reports Q2 Loss of $0.73/Share
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Eagle Bulk Shipping Inc. Reports Second Quarter 2015 Results
August 14, 2015 4:30 PM EDTNEW YORK, Aug. 14, 2015 /PRNewswire/ --Â Eagle Bulk Shipping Inc. (Nasdaq: EGLE) today announced its results for the second quarter ended June 30, 2015.
For the Second Quarter:
Net loss of $27.5 million or $0.73 per share for the Company, compared with net loss of $44.7 million, or $2.61 per share for the comparable quarter of 2014. Net revenues of $22.7 million, compared to $42.4 million for the comparable quarter in 2014. Fleet utilization rate of 97.5%. Sold the M/V Kite, a 1997-built Handymax for net proceeds of $4.2 million and recorded loss... More