Benzinga | Nov 11, 2020 04:21PM EST

Recap: Safe Bulkers Q3 Earnings

Shares of Safe Bulkers (NYSE:SB) increased 9.7% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 100.00% year over year to ($0.00), which beat the estimate of ($0.04).

Revenue of $51,933,000 up by 2.40% year over year, which beat the estimate of $46,540,000.

Guidance

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

Safe Bulkers hasn't issued any revenue guidance for the time being.

Recent Stock Performance

Company's 52-week high was at $1.82

52-week low: $0.74

Price action over last quarter: down 22.58%

Company Description

Safe Bulkers Inc operates as a holding company. The company, through its subsidiaries, provides marine dry bulk transportation services. Its other business activities include transporting bulk cargoes, particularly coal, grain, and iron ore. The company's operational fleet comprised of Panamax, Kamsarmax, Post-Panamax and Capesize class vessels among others.