Safe Bulkers (SB) Misses Q3 EPS by 1c, Revenues Beat

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Safe Bulkers, Inc. Reports Third Quarter and Nine Months 2018 Results

November 7, 2018 4:05 PM EST

MONACO, Nov. 07, 2018 (GLOBE NEWSWIRE) -- 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 nine months period ended September 30, 2018.

Summary of Third Quarter 2018 Results

Net revenues for the third quarter of 2018 increased by 34% to $50.1 million from $37.3 million during the same period in 2017.Net income for the third quarter of 2018 increased by 21% to $8.1 million from $6.7 million, during the same period in 2017. Adjusted net income1 for the third... More