Tuesday, Excel Maritime Carriers Ltd. (EXM) reported third-quarter net income of $62.0 million or $0.79 per share, compared to net income of $117.6 million or $2.66 per share in the same quarter last year.
Net income, excluding the items, for the quarter was $63.8 million or $0.81 per share, compared to $124.3 million or $2.81 per share in the year ago quarter.
On average, eight analysts polled by Thomson Reuters expected the company to earn $0.13 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter was $174.4 million, down 24.7% from $231.6 million in the comparable quarter last year. Analysts expected the company to report revenue of $100.95 million for the quarter.
For comments and feedback: editorial@rttnews.com