Scorpio Bulkers: 3Q Earnings Snapshot
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.