Genco Shipping & Trading (GNK) Reports Q2 Loss, Tops Revenue Estimates

Genco Shipping & Trading (GNK) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +6.67%. A quarter ago, it was expected that this transporter of drybulk cargo would post a loss of $0.26 per share when it actually produced a loss of $0.28, delivering a surprise of -7.69%.Over the last four q ...