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Scorpio Bulkers: 3Q Earnings Snapshot

October 23, 2019 GMT

MONACO (AP) _ Scorpio Bulkers Inc. (SALT) on Wednesday reported a loss of $1.9 million in its third quarter.

The company said it had a loss of 3 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.

The dry bulk ocean shipper posted revenue of $63.2 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $60.9 million.

Scorpio Bulkers shares have risen 20% since the beginning of the year. The stock has risen roughly 2% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SALT at https://www.zacks.com/ap/SALT