Scorpio Bulkers Swings to Profit in Q1, Revenue Exceeds Estimates

Scorpio Bulkers (SALT) reported pre-market Monday Q1 adjusted earnings of $0.06 per share compared to a loss of $0.08 per share in the prior-year period. Analysts polled by Capital IQ were expecting a net loss of $0.18 per share. Vessel revenue for the March quarter dropped to $50.4 million from $54.3 million in the first quarter of 2018. The CapIQ […]