Investing.com - Eagle Bulk Shipping (NASDAQ:EGLE) reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Eagle Bulk Shipping announced earnings per share of $4.58 on revenue of $185.31M. Analysts polled by Investing.com anticipated EPS of $5.04 on revenue of $144.72M.
Eagle Bulk Shipping shares are down 12% from the beginning of the year, still down 37.66% from its 52 week high of $78.75 set on June 6.
Eagle Bulk Shipping shares gained 0.63% in after-hours trade following the report.
Eagle Bulk Shipping follows other major Industrials sector earnings this month
Eagle Bulk Shipping's report follows an earnings beat by United Parcel Service on October 25, who reported EPS of $2.99 on revenue of $24.2B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on October 25 with third quarter EPS of $1.21 on revenue of $17B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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