Genco Shipping & Trading (GNK) Tops Q2 Earnings and Revenue Estimates

Genco Shipping & Trading (GNK) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.27 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 9.52%. A quarter ago, it was expected that this transporter of drybulk cargo would post earnings of $0.46 per share when it actually produced earnings of $0.49, delivering a surprise of 6.52%. Over the las ...