Market Overview

Scorpio Bulkers: Q3 Earnings Insights

Share:

Shares of Scorpio Bulkers (NYSE:SALT) fell 5.1% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 4733.33% over the past year to ($1.45), which missed the estimate of ($1.05).

Revenue of $46,690,000 decreased by 26.15% year over year, which missed the estimate of $46,850,000.

Guidance

Scorpio Bulkers hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Recent Stock Performance

52-week high: $31.64

Company's 52-week low was at $1.68

Price action over last quarter: Up 5.30%

Company Overview

Scorpio Bulkers Inc is a shipping company. It owns and operates a fleet of modern mid to large-size dry bulk carriers which provide marine transportation for major bulks, which include iron ore, coal and grain and minor bulks which include bauxite, fertilizers and steel products internationally. The company's operating segment includes Kamsarmax and Ultramax. It generates maximum revenue from the Ultramax segment. Ultramax segment includes vessels ranging from approximately 60,200 DWT to 64,000 DWT. The Kamsarmax segment includes vessels ranging from approximately 82,000 DWT to 84,000 DWT.

 

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