Pangaea Logistics Solutions Ltd. Profit Retreats In Q1

(RTTNews) - Pangaea Logistics Solutions Ltd. (PANL) revealed earnings for first quarter that dropped from the same period last year.

The company's profit came in at $3.70 million, or $0.09 per share. This compares with $4.32 million, or $0.10 per share, in last year's first quarter.

The company's revenue for the quarter rose 0.7% to $79.54 million from $78.97 million last year.

Pangaea Logistics Solutions Ltd. earnings at a glance:

-Earnings (Q1): $3.70 Mln. vs. $4.32 Mln. last year. -EPS (Q1): $0.09 vs. $0.10 last year. -Revenue (Q1): $79.54 Mln vs. $78.97 Mln last year.