Safe Bulkers (SB) Misses Q4 EPS by 2c

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Go back to Safe Bulkers (SB) Misses Q4 EPS by 2c

Safe Bulkers, Inc. Reports Fourth Quarter and Twelve Months 2018 Results

February 19, 2019 7:30 AM EST

MONACO, Feb. 19, 2019 (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 twelve months period ended December 31, 2018.

Summary of Fourth Quarter 2018 Results

Net revenues for the fourth quarter of 2018 increased by 24% to $52.6 million from $42.4 million during the same period in 2017.Net income for the fourth quarter of 2018 was $9.5 million as compared to a net loss of $86.6 million, during the same period in 2017. Adjusted net income1 for the... More