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Star Bulk Carriers trades lower despite Q4 estimates beat

Feb. 18, 2021 10:06 AM ETStar Bulk Carriers Corp. (SBLK) StockSBLKBy: Pranav Ghumatkar, SA News Editor
  • Star Bulk Carriers (SBLK -1.7%) reports Q4 revenue decline of 25.2% Y/Y to $186M but beating estimates by $45M.
  • Adjusted time charter equivalent revenues were $140.5M (-4.7% Y/Y), Adj. EBITDA was $81.5M (-7.7% Y/Y) with TCE for the quarter increasing to $13,415/day per vessel.

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