Eagle Bulk Shipping reported a better-than-expected quarterly loss as its revenue doubled from a year ago.
The New York-listed bulker owner reported an $11m loss for the first quarter compared to a $39.3m loss in the year earlier quarter. The $0.17 per share loss was better than the $0.23 per loss expected by analysts.
Revenue of $45.8m for the quarter was up from $21.2m
