Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended March 31, 2018
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Pangaea Logistics Solutions (PANL) Tops Q1 EPS by 5c, Miss on Revenues
May 10, 2018 4:18 PM EDTPangaea Logistics Solutions (NASDAQ: PANL) reported Q1 EPS of $0.10, $0.05 better than the analyst estimate of $0.05. Revenue for the quarter came in at $78.97 million versus the consensus estimate of $87.22 million.
"During the first quarter of 2018, we continued a transition to a stronger shipping market, with cargo owners and traders shifting their sourcing and transportation requirements in response to higher shipping costs and potential impacts of tariff and sanction... More
