Safe Bulkers (SB) Misses Q2 EPS by 3c

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Go back to Safe Bulkers (SB) Misses Q2 EPS by 3c

Safe Bulkers, Inc. Reports Second Quarter and Six Months 2017 Results

July 26, 2017 4:05 PM EDT

MONACO -- (Marketwired) -- 07/26/17 -- Safe Bulkers, Inc. (the "Company") (NYSE: SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three and six months period ended June 30, 2017.

Summary of Second Quarter 2017 Results

Net revenue for the second quarter of 2017 increased by 34% to $35.0 million from $26.2 million during the same period in 2016. Net loss for the second quarter of 2017 was $1.6 million as compared to $9.0 million, during the same period in 2016. Adjusted net loss(1) for the second quarter of 2017 was $2.3 million as... More