Safe Bulkers (SB) Misses Q3 EPS by 5c
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Safe Bulkers, Inc. Reports Third Quarter and First Nine Months 2015 Results
November 9, 2015 4:06 PM ESTMONACO -- (Marketwired) -- 11/09/15 -- Safe Bulkers, Inc. (the "Company") (NYSE: SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three and nine month period ended September 30, 2015.
Summary of Third Quarter 2015 Results
Net revenue for the third quarter of 2015 decreased by 8% to $33.5 million from $36.5 million during the same period in 2014. Net loss for the third quarter of 2015 was $7.5 million from net income of $1.5 million, during the same period in 2014. Adjusted net loss(1) for the third quarter of 2015 was $6.3 million... More