Yahoo Finance's Ines Ferre breaks down trending stock tickers and business news. Read More...
Motley Fool
Why Star Bulk Carriers Stock Popped Today
Shares of ocean-going dry bulk cargo shipper Star Bulk Carriers (NASDAQ: SBLK) stock climbed on Thursday to close up 10% after reporting a massive increase in earnings year over year in its fiscal fourth quarter 2021. Heading into Q4, Wall Street estimates had Star Bulk pegged for $2.52 per share in earnings, but the company beat even that optimistic prediction with a stick. Revenues for the quarter surged 169% to $499.9 million, and with the tailwind of powerful profit margins on those revenues, Star Bulk sailed ahead to easily crush earnings estimates.
Add Comment