Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended March 31, 2020

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Go back to Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended March 31, 2020

Pangaea Logistics Solutions (PANL) Misses Q1 EPS by 12c, Slight Beat on Revenues

May 13, 2020 4:08 PM EDT

Pangaea 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