Ultrapetrol Q2 Profit Declines - Quick Facts

(RTTNews) - Ultrapetrol (Bahamas) Limited (ULTR) posted second-quarter net income of $2.8 million, or $0.02 per share, compared to $13.5 million or $0.10 per share in the year-ago quarter.

Adjusted net income for the latest second quarter was $2.9 million or $0.02 per share, down from $12.5 million or $0.09 per share in the comparable quarter last year. On average, three analysts polled by Thomson Reuters expected the company to earn $0.07 per share. Analysts' estimates typically exclude special items.

Total revenues for the latest second quarter declined to $99.38 million from $121.79 million a year earlier. Two analysts expected revenues of $81.45 per share.