Safe Bulkers (SB) Misses Q1 EPS by 4c

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Go back to Safe Bulkers (SB) Misses Q1 EPS by 4c

Safe Bulkers, Inc. Reports First Quarter 2016 Results

June 2, 2016 4:29 PM EDT

MONACO -- (Marketwired) -- 06/02/16 -- Safe Bulkers, Inc. (the "Company") (NYSE: SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three month period ended March 31, 2016.

Summary of First Quarter 2016 Results

Net revenue for the first quarter of 2016 decreased by 23% to $24.7 million from $32.1 million during the same period in 2015. Net loss for the first quarter of 2016 was $17.8 million as compared to $6.0 million, during the same period in 2015. Adjusted net loss(1) for the first quarter of 2016 was $14.4 million as compared to $4.6... More