Star Bulk Carriers (SBLK) Tops Q3 EPS by 12c, Sales Beat

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Go back to Star Bulk Carriers (SBLK) Tops Q3 EPS by 12c, Sales Beat

Star Bulk Carriers Corp. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2016

November 21, 2016 4:30 PM EST

ATHENS, GREECE -- (Marketwired) -- 11/21/16 -- 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 third quarter and nine months ended September 30, 2016.

Financial Highlights

Nine Nine (Expressed in thousands of months months U.S. dollars, Third Third ended ended except for daily rates and quarter quarter September September per share data) 2016 2015 30, 2016 30, 2015 ---------- ---------- ---------- ---------- Total Revenues 59,912 68,814 158,865 170,132 Net income/(loss) (2) (39,406) (41,973) (121,102) (147,170) EBITDA (1) (9,375) (6,967) (23,985) (51,869) Adjusted EBITDA (1) 11,869 6,128 6,190 6,752 ---------- ---------- ---------- ---------- Adjusted Net income / (loss) (2)... More