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

Genco Shipping & Trading (GNK) came out with a quarterly loss of $0.01 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 $0.15 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 ...