Eagle Bulk's results have revisited the red side of the ledger amid higher operating expenses and lower revenue amid Covid-19 overhang.
The Gary Vogel-led owner of supramaxes and ultramaxes posted a net loss of $3.53m for the first quarter versus $29,483 in earnings for the same period last year.
That translated into a loss per share of $0.05, beating analyst consensus by $0.05