Safe Bulkers (SB) Misses Q4 EPS by 3c

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Go back to Safe Bulkers (SB) Misses Q4 EPS by 3c

Safe Bulkers, Inc. Reports Fourth Quarter and Twelve Months 2015 Results

February 10, 2016 5:00 PM EST

MONACO -- (Marketwired) -- 02/10/16 -- 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 twelve month period ended December 31, 2015.

Summary of Fourth Quarter 2015 Results

Net revenue for the fourth quarter of 2015 decreased by 24% to $29.9 million from $39.1 million during the same period in 2014. Net loss for the fourth quarter of 2015 was $29.9 million as compared to $0.1 million, during the same period in 2014. Adjusted net loss(1) for the fourth quarter of 2015 was $7.7 million as... More