Eagle Bulk Shipping (EGLE) Reports Q3 Loss of $0.52
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Eagle Bulk Shipping Inc. Reports Third Quarter 2016 Results
November 8, 2016 4:30 PM ESTSTAMFORD, Conn., Nov. 8, 2016 /PRNewswire/ --Â Eagle Bulk Shipping Inc. (NASDAQ: EGLE) today announced its results for the third quarter ended September 30, 2016.Â
Third Quarter Highlights:
Net loss of $19.4 million, or $0.52 net loss per share, compared to a net loss of $20.4 million, or a $10.83 net loss per share, for the comparable quarter in 2015. Net revenues of $35.8 million compared to $29.1 million for the comparable quarter in 2015. Fleet utilization rate of 98.9%. The sale of MV Harrier and MV Kittiwake for net proceeds of $3.2 million and $4.2 million,... More