Eagle Bulk Shipping landed on the red side of the ledger amid an unpredictable market, falling short of analysts' estimates.

The Gary Vogel-led owner of supramaxes and ultramaxes posted a $4.56m deficit for the third quarter versus a $2.58m profit for the same period in 2018. Loss per share came in at $0.06, missing analysts' expectations by $0.04.

Revenue gained $5.1m