UPDATE: Safe Bulkers (SB) Tops Q1 EPS by 4c, Revenues Beat

Safe Bulkers (NYSE: SB) reported Q1 EPS of $0.14, $0.04 better than the analyst estimate of $0.10. Revenue for the quarter came in at $62.5 million versus the consensus estimate of $57.9 million.

Dr. Loukas Barmparis, President of the Company, said: "During the first quarter of 2021 we increased our profitability and strengthened our balance sheet. We intend to continue our efforts to gradually renew our fleet through selective sales of older vessels and new acquisitions. We are focused on our environmental performance and will continue to invest to improve our operations in this area. We believe our environmental investments will contribute to sustained operational and financial advantages."

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

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