Pangaea Logistics Solutions Ltd. Announces 102% Advance In Q3 Bottom Line

(RTTNews) - Pangaea Logistics Solutions Ltd. (PANL) reported a profit for its third quarter that gained ground compared to the same period last year.

The company said its bottom line advanced to $6.06 million, or $0.17 per share. This was up from $3.00 million, or $0.08 per share, in last year's third quarter.

The company said revenue for the quarter fell 0.6% to $70.78 million. This was down from $71.19 million last year.

Pangaea Logistics Solutions Ltd. earnings at a glance:

-Earnings (Q3): $6.06 Mln. vs. $3.00 Mln. last year. -Earnings Growth (Y-o-Y): 102.0% -EPS (Q3): $0.17 vs. $0.08 last year. -EPS Growth (Y-o-Y): 112.5% -Revenue (Q3): $70.78 Mln vs. $71.19 Mln last year. -Revenue Change (Y-o-Y): -0.6%