Star Bulk Carriers Corp. (SBLK) revealed a profit for fourth quarter that missed the Street estimates.
The company's bottom line totaled $42.45 million, or $0.36 per share. This compares with $39.71 million, or $0.45 per share, last year.
Excluding items, Star Bulk Carriers Corp. reported adjusted earnings of $40.59 million or $0.34 per share for the period.
Analysts on average had expected the company to earn $0.41 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 17.3% to $308.92 million from $263.46 million last year.
Star Bulk Carriers Corp. earnings at a glance (GAAP) :
-Earnings: $42.45 Mln. vs. $39.71 Mln. last year.
-EPS: $0.36 vs. $0.45 last year.
-Revenue: $308.92 Mln vs. $263.46 Mln last year.
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