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Genco Shipping & Trading (GNK) Reports Q3 Loss, Misses Revenue Estimates

Genco Shipping & Trading (GNK) came out with a quarterly loss of 0.01pershareinlinewiththeZacksConsensusEstimate.Thiscomparestoearningsof0.01 per share in line with the Zacks Consensus Estimate. This compares to earnings of 0.41 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this transporter of drybulk cargo would post a loss of 0.15persharewhenitactuallyproducedalossof0.15 per share when it actually produced a loss of 0.14, delivering a surprise of +6.67%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Genco Sh ...