Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended March 31, 2020
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Pangaea Logistics Solutions (PANL) Misses Q1 EPS by 12c, Slight Beat on Revenues
May 13, 2020 4:08 PM EDTPangaea Logistics Solutions (NASDAQ: PANL) reported Q1 EPS of ($0.09), $0.12 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $86.52 million versus the consensus estimate of $86.13 million.
1st Quarter Highlights
Net loss attributable to Pangaea Logistics Solutions Ltd. was $6.8 million for three months ended March 31, 2020 as compared to $3.7 million of net income for the same period of 2019.Non-GAAP adjusted net loss attributable to Pangaea Logistics Solutions Ltd. of $4.0 million as compared to $1.4 million net income for the three months ended March 31, 2019.Net loss per share was... More