Scorpio Bulkers Inc (SALT) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Scorpio Bulkers Inc (SALT) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $-1.12 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $-1.10. The company posted revenue of $10.24 million in the period, compared to analysts expectations of $11.10 million. The company’s revenue was down -16.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-1.16 EPS.

Scorpio Bulkers Inc closed down -0.09 points or -2.34% at $3.76 with 7,86,662 shares getting traded on Monday. Post opening the session at $3.93, the shares hit an intraday low of $3.6 and an intraday high of $3.94 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Scorpio Bulkers Inc is a company engaged in marine transportation based in the Marshall Islands. It is a provider of transportation services of dry bulk commodities. The Company aims to acquire own and operate a fleet of medium-sized dry bulk carriers. It has offices in Monaco and New York. The Company has contracted and agreed to purchase 28 Ultramax 21 Kamsarmax and three Capesize newbuilding dry ship vessels with deliveries scheduled from second quarter of 2014. It is a part of the Scorpio Group.

Scorpio Bulkers Inc

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