According to Deutsche Bank, Excel Maritime Carriers EXM Hold rating is maintained.
Deutsche Bank said that after the close, EXM reported an adjusted Q3 earnings loss of $0.25/share, below the $0.23/share loss and Consensus at a loss of $0.18/share. “In Q3, EXM saw sequential declines of 5.1% in vessel TCE to $22,848/day and of 4.7% in daily vessel OPEX to $4,838/day.”
Excel Maritime Carriers closed yesterday at $3.11.
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