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 up Thursday and rose sharply until around mid-morning. Shares finished with a gain of 1.92 at $5.48 on the highest volume of the year. The stock surged to a new high for the year.
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