Pangaea Logistics Q2 EPS Drops to 16c from 21c in Q1
PANL sits 62% above its 52-week low of $4.54.
Summary
Pangaea Logistics reported Q2 EPS of $0.16, down from $0.21 in Q1, with adjusted EPS of $0.26, which missed estimates. The sequential decline breaks the strong momentum from the prior quarter's turnaround. No revenue or guidance figures were provided, but the drop in profitability is notable given the recent board shakeup and director stock sales. The market will likely reassess the earnings trajectory ahead of the next filing.
At the time of this announcement, PANL was trading at $7.36 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $479.5M. The 52-week trading range was $4.54 to $9.39. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.