Star Bulk Carriers (SBLK) Outpaces Q1 Expectations

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Go back to Star Bulk Carriers (SBLK) Outpaces Q1 Expectations

Star Bulk Carriers Corp. Reports Financial Results for the First Quarter Ended March 31, 2016

June 29, 2016 4:05 PM EDT

ATHENS, GREECE -- (Marketwired) -- 06/29/16 -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, today announced its unaudited financial and operating results for the first quarter ended March 31, 2016.

Financial Highlights (Expressed in thousands of U.S. dollars, except First quarter First quarter for daily rates and per share data) 2016 2015 ---------------------------------------------------------------------------- Total Revenues $46,304 $45,501 ---------------------------------------------------------------------------- EBITDA (1) ($14,089) ($11,564) ---------------------------------------------------------------------------- Adjusted EBITDA (1) ($7,309) ($5,638) ---------------------------------------------------------------------------- Net income/(loss) ($48,788) ($40,176) ---------------------------------------------------------------------------- Adjusted Net income / (loss) ($38,295) ($29,816) ---------------------------------------------------------------------------- Earnings / (loss) per share basic and diluted ($1.11) ($1.31) ---------------------------------------------------------------------------- Adjusted earnings / (loss) per share basic and diluted ($0.87)... More