Two analysts boosted their estimates for Scorpio Bulkers after the New York-listed shipowner tackled the costs line of its income statement.
Stifel analyst Benjamin Nolan slashed 14.6% from the loss he projects for the full year, in which he now expects Emanuele Lauro-led Scorpio to deliver a loss of $1.64 per share.
And he ratcheted down his predictions for Scorpio's 2017 loss, which the analyst now believes will come down to $0.58
