Eagle Bulk Shipping Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 82.61 million compared to USD 185.31 million a year ago. Net loss was USD 5.15 million compared to net income of USD 77.22 million a year ago. Basic loss per share from continuing operations was USD 0.55 compared to basic earnings per share from continuing operations of USD 5.94 a year ago. Diluted loss per share from continuing operations was USD 0.55 compared to diluted earnings per share from continuing operations of USD 4.77 a year ago.
For the nine months, sales was USD 289.21 million compared to USD 568.41 million a year ago. Net income was USD 16.08 million compared to USD 224.74 million a year ago. Basic earnings per share from continuing operations was USD 1.38 compared to USD 17.31 a year ago. Diluted earnings per share from continuing operations was USD 1.36 compared to USD 13.86 a year ago.