Safe Bulkers (SB) Tops Q3 EPS by 4c, Revenues

Safe Bulkers (NYSE: SB) reported Q3 EPS of $0.00, $0.04 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $51.9 million versus the consensus estimate of $46.54 million.

Management Commentary

Dr. Loukas Barmparis, President of the Company, said: ''Our financial performance gradually improved in parallel with the chartering market during the 3rd quarter. At the same time, we focused on developing a plan for renewing our fleet with modern designs that adhere to the new environmental regulations. Due to market uncertainties, we remain cautious and we believe that our liquidity position which exceeds $130 million provides us with the required flexibility.''

For earnings history and earnings-related data on Safe Bulkers (SB) click here.

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