Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended September 30, 2018

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Go back to Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended September 30, 2018

Pangaea Logistics Solutions (PANL) Reports Q3 EPS of $0.19

November 8, 2018 4:50 PM EST

Pangaea Logistics Solutions (NASDAQ: PANL) reported Q3 EPS of $0.19, versus $0.00 reported last year. Revenue for the quarter came in at $95.34 million versus the consensus estimate of $120.5 million.

Ed Coll, Chief Executive Officer of Pangaea Logistics Solutions, commented:

"Our strong third quarter results were driven by a productive summer ice season when almost all ten ships in our own ice class fleet, and some chartered-in ships,... More