Investing.com - Safe Bulkers (NYSE:SB) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Safe Bulkers announced earnings per share of $0.390 on revenue of $93.7M. Analysts polled by Investing.com anticipated EPS of $0.340 on revenue of $88.76M.
Safe Bulkers shares are up 4.35% from the beginning of the year, still down 47.85% from its 52 week high of $5.12 set on June 7.
Safe Bulkers follows other major Industrials sector earnings this month
Safe Bulkers's report follows an earnings beat by United Parcel Service on October 25, who reported EPS of $2.99 on revenue of $24.59B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Honeywell had beat expectations on October 27 with third quarter EPS of $2.25 on revenue of $8.95B, compared to forecast for EPS of $2.16 on revenue of $8.99B.
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