Excel Maritime Carriers Ltd. (EXM) posted fourth-quarter 2011 net loss attributable to the company of $167.8 million or $1.95 per share compared with a profit of $63.6 million or $0.76 per share in the prior year. The company said the recent quarter results include a non-cash unrealized gain on derivative financial instruments of $5.4 million versus a non-cash unrealized gain on derivative financial instruments of $10.8 million in the 2010 period.
On an adjusted basis, loss per share was $0.24, as against a profit of $0.14 in the previous year. On average, 9 analysts polled by Thomson Reuters expected loss per share of $0.24 for the quarter. Analysts' estimates typically exclude one-time items.
Excel reported voyage revenues of $81.9 million for the 2011 fourth quarter, nearly 23.5% lower than last year's $107.0 million, with revenue from operations declining to $82.80 million from $158.02 million a year earlier. Four analysts estimated revenues of $74.37 million for the quarter.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.