Golden Ocean Group: 2Q Earnings Snapshot

August 15, 2019 GMT

HAMILTON, Bermuda (AP) _ Golden Ocean Group Ltd. (GOGL) on Thursday reported a second-quarter loss of $33.1 million, after reporting a profit in the same period a year earlier.

The Hamilton, Bermuda-based company said it had a loss of 23 cents per share. Losses, adjusted for non-recurring costs, were 14 cents per share.

The shipping company posted revenue of $115.8 million in the period.

Golden Ocean Group shares have dropped 12% since the beginning of the year. The stock has declined 37% 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 GOGL at https://www.zacks.com/ap/GOGL