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Pangaea Logistics (PANL) Beats Q3 Earnings and Revenue Estimates

Pangaea Logistics (PANL) came out with quarterly earnings of 0.17pershare,beatingtheZacksConsensusEstimateof0.17 per share, beating the Zacks Consensus Estimate of 0.03 per share. This compares to earnings of 0.24pershareayearago.Thesefiguresareadjustedfornonrecurringitems.Thisquarterlyreportrepresentsanearningssurpriseof+466.670.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +466.67%. A quarter ago, it was expected that this maritime logistics company would post a loss of 0.04 per share when it actually produced a loss of $0.02, delivering a surprise of +50%.Over the last four quart ...