UBS Downgrades Scorpio Bulkers (SALT) to Sell

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Go back to UBS Downgrades Scorpio Bulkers (SALT) to Sell

Scorpio Bulkers Inc. Announces Financial Results for the First Quarter of 2016

May 3, 2016 6:45 AM EDT

MONACO -- (Marketwired) -- 05/03/16 -- Scorpio Bulkers Inc. (NYSE: SALT) ("Scorpio Bulkers"or the "Company") today reported its results for the first quarter of 2016.

Results for the three months ended March 31, 2016 and 2015

For the first quarter of 2016, the Company's adjusted net loss was $33.4 million, or $1.12 adjusted loss per diluted share, which excludes a loss/write off of vessels and assets held for sale of $12.4 million, the write off of deferred financing costs on credit facilities that will no longer be used of $2.5 million and a charterhire contract... More