Eagle Bulk Shipping Inc. (EGLE) reported a fourth-quarter net loss of $32.4 million or $1.92 per share, wider than $1.7 million or $0.11 per share in the comparable quarter last year.
On average, 7 analysts polled by Thomson Reuters expected the company to lose $1.93 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues, net of commissions, for the latest quarter declined to $42.80 million from $70.01 millionin the year-ago quarter, while three analysts had consensus revenue estimate of $42.79 million for the quarter.
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