Benzinga | Aug 6, 2020 05:44PM EDT

Eagle Bulk Shipping Q2 EPS $(0.28) Misses $(0.25) Estimate, Sales $57.40M Beat $38.25M Estimate

Eagle Bulk Shipping (NASDAQ:EGLE) reported quarterly losses of $(0.28) per share which missed the analyst consensus estimate of $(0.25) by 12 percent. This is a 250 percent decrease over losses of $(0.08) per share from the same period last year. The company reported quarterly sales of $57.40 million which beat the analyst consensus estimate of $38.25 million by 50.07 percent. This is a 17.28 percent decrease over sales of $69.39 million the same period last year.