Paragon Shipping Inc. (PRGN) posted third-quarter net income of $18.0 million, or $0.40 per share compared with $18.9 million or $0.69 per share in the same quarter last year.
Adjusted net income for the quarter was $15.13 million or $0.33 per share, compared with $14.63 million or $0.54 per share in the prior year period. Analysts polled by Thomson Reuters expected the company to report earnings of $0.30 per share. Analysts' estimates typically exclude special items.
Net revenue for the quarter declined to $38.1 million from $41.4 million in the year-ago period. Analysts expected revenues of $34.82 million for the quarter.
The company declared a quarterly dividend of $0.05 per share with respect to the third quarter of 2009, payable on December 14, 2009 to shareholders of record as of the close of business on December 1, 2009.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.