Scorpio Bulkers Inc (SALT) Releases Earnings Results, Beats Expectations By $0.05 EPS

Scorpio Bulkers Inc (SALT) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $-0.48 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $-0.53. The company posted revenue of $17.37 million in the period, compared to analysts expectations of $18.04 million. The company’s revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.09 EPS.

Scorpio Bulkers Inc (SALT) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $3.3 and reached the intraday high at $3.33. The bulls started the profit booking and pushed the shares to intraday low of $3.16. The trading session was marked by a volume range of 3,94,877 shares exchanging hands. The 52-week high of the shares is $23.400093 and the 52-week low is $1.79. The market cap of the company stands at $237 M and there are 7,27,13,980 shares in public circulation.

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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