Star Bulk Carriers Q4 Adj EPS $0.73, Inline, Sales $263.46M Beat $203.01M Estimate
Portfolio Pulse from Benzinga Newsdesk
Star Bulk Carriers (NASDAQ:SBLK) reported Q4 adjusted earnings of $0.73 per share, meeting analyst estimates, and sales of $263.46M, exceeding estimates of $203.01M. This represents an 18.89% decrease in earnings and a 10.63% decrease in sales from the same period last year.
February 12, 2024 | 10:33 pm
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Star Bulk Carriers reported Q4 adjusted EPS of $0.73, in line with estimates, and sales of $263.46M, surpassing the $203.01M estimate. Earnings decreased by 18.89% and sales by 10.63% compared to last year.
While Star Bulk Carriers met earnings estimates and exceeded sales forecasts, the year-over-year decrease in both earnings and sales may temper investor enthusiasm. The meeting of EPS estimates suggests stability, but the decline in financials could lead to cautious optimism among investors.
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