Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended March 31, 2021
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Pangaea Logistics Solutions (PANL) Tops Q1 EPS by 6c, Revenues Beat
May 11, 2021 4:14 PM EDTPangaea Logistics Solutions (NASDAQ: PANL) reported Q1 EPS of $0.13, $0.06 better than the analyst estimate of $0.07. Revenue for the quarter came in at $108.23 million versus the consensus estimate of $103.5 million.
1st Quarter Highlights
Net income attributable to Pangaea Logistics Solutions Ltd. was $5.9 million for three months ended March 31, 2021 as compared to $6.8 million of net loss for the same period of 2020.Non-GAAP adjusted net income attributable to Pangaea Logistics Solutions Ltd. of $3.8 million as compared to adjusted net loss of $4.0 million for the three months ended March 31, 2020.Diluted net... More