Genco Shipping & Trading Ltd. (GNK) Posts Q4 Loss of $1.06/Share
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Drybulkers Rise as Genco (GNK) Grows Bullish on FY13 (DRYS) (FREE) (EGLE)
March 21, 2013 11:57 AM EDTDrybulk shippers are ripping on the session, which may have something to do with results and commentary from Genco Shipping & Trading (NYSE: GNK).
After markets closed on Wednesday, the company reported Q4 loss of $1.06 per share, wider than expectations calling for a loss of 88 cents per share. Revs of $49.25 million were also lower than expectations.
Specific guidance wasn't issued, but investors might be taking a peek at the... More
