Eagle Bulk Shipping (EGLE) reported first quarter EPS of $0.08 after the close Wednesday, compared to the loss of $1.11 a year ago. The consensus estimate was for a loss of $2.10.
Eagle Bulk Shipping gapped open higher Thursday and has risen sharply in early trade on above average volume. The stock is now up 1.42 at $4.98 and has surged to a new high for the year.
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