Eagle Bulk Shipping (EGLE) Reports Q3 Loss of $0.54

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Go back to Eagle Bulk Shipping (EGLE) Reports Q3 Loss of $0.54

Eagle Bulk Shipping Inc. Reports Third Quarter 2015 Results

November 16, 2015 5:15 PM EST

NEW YORK, Nov. 16, 2015 /PRNewswire/ -- Eagle Bulk Shipping Inc. (Nasdaq: EGLE) today announced its results for the third quarter ended September 30, 2015. 

Third Quarter Highlights:

Net loss of $20.4 million or $0.54 per share for the Company, compared with net loss of $45.9 million, or $2.39 per share for the comparable quarter of 2014. Net revenues of $29.1 million, compared to $29.8 million for the comparable quarter in 2014. Fleet utilization rate of 98.0%. As previously reported, the Company entered into an Amendatory Agreement with its lenders under which the lenders have... More