Genco Shipping & Trading (GNK) Reports Q1 Loss, Tops Revenue Estimates

Genco Shipping & Trading (GNK) came out with a quarterly loss of $0.28 per share versus the Zacks Consensus Estimate of a loss of $0.26. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -7.69%. A quarter ago, it was expected that this transporter of drybulk cargo would post earnings of $0.28 per share when it actually produced earnings of $0.29, delivering a surprise of 3.57%.Over the last fou ...