Safe Bulkers reports Q3 adjusted EPS 16c, consensus 16c

Reports Q3 revenue $75.92M, consensus $74.76M. Loukas Barmparis, president of the company, said: “We had a good quarter compared to the same quarter last year, however the charter market is gradually softening, along with continuing geopolitical uncertainties. We remained focused on capital allocation towards our newbuilds program, on improving our operational efficiency and on rewarding our shareholders with a dividend of five cents per share of common stock.”