Pangaea Logistics Solutions Ltd. Reports Financial Results for the Three Months and Year Ended December 31, 2018

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Go back to Pangaea Logistics Solutions Ltd. Reports Financial Results for the Three Months and Year Ended December 31, 2018

Pangaea Logistics Solutions (PANL) Tops Q4 EPS by 2c, Revenues Beat

March 20, 2019 5:05 PM EDT

Pangaea Logistics Solutions (NASDAQ: PANL) reported Q4 EPS of $0.09, $0.02 better than the analyst estimate of $0.07. Revenue for the quarter came in at $101.83 million versus the consensus estimate of $100.02 million.

Income from operations increased 15% to $7.7 million, up from $6.7 million in the same period of 2017.Pangaea's TCE rates increased 15% to $14,360 per day for the three months ended... More