Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended June 30, 2020

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Go back to Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended June 30, 2020

Pangaea Logistics Solutions (PANL) Tops Q2 EPS by 23c, Revenues Miss

August 12, 2020 4:24 PM EDT

Pangaea Logistics Solutions (NASDAQ: PANL) reported Q2 EPS of $0.09, $0.23 better than the analyst estimate of ($0.14). Revenue for the quarter came in at $70.4 million versus the consensus estimate of $75.4 million.

2nd Quarter Highlights

Net income attributable to Pangaea Logistics Solutions Ltd. was $3.0 million for three months ended June 30, 2020 as compared to $4.0 million of net income for the same period of 2019.Non-GAAP adjusted net income attributable to Pangaea Logistics Solutions Ltd. of $3.7 million as compared to $3.8 million for the three months ended June 30, 2019.Net income per share was $0.07 for... More