Pangaea Logistics Solutions Reports Strong Q3 Results with Earnings and Revenue Beats
Pangaea Logistics Solutions Ltd. (PANL) reported third-quarter financial results that exceeded market expectations, posting a Non-GAAP EPS of $0.52, which beat estimates by $0.22. The company also reported revenue of $219.1 million, representing a 29.9% increase year-over-year and surpassing consensus estimates by $14.2 million. In addition to the strong top and bottom-line performance, Pangaea announced an increase in its quarterly dividend to $0.10 per share. The company also provided operational updates regarding its bookings, noting 4,873 days at a Time Charter Equivalent (TCE) of $20,258.
Topics: dividend increase earnings beat financial results revenue growth
Read the full article at Seeking Alpha
Part of the story Granite Real Estate Investment Trust Reports Strong Q3 Results with Revenue Beat (6 articles)