Quarterly loss

Bulker Company Incurs A Quarterly Loss of $45.1 Million

Scorpio Bulkers Inc. Announces Financial Results for the Second Quarter of 2020
and Declares a Quarterly Cash Dividend in its official website.

A more detailed picture of the report is as follows.

Quarterly Loss

For the second quarter of 2020, the Company’s GAAP net loss was $45.1 million, or $5.73 per diluted share, including:

  • a loss of approximately $13.9 million and cash dividend income of $0.2 million, or $1.74 per diluted share, from the Company’s equity investment in Scorpio Tankers Inc.
  • a...

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Cruise Giant Sinks To Record Loss!

  • Carnival Corp reported a record $4.4 billion in quarterly losses.
  • COVID-19 pandemic has crippled the world’s biggest cruise operator and forced it to take major write-downs on the disposal of now redundant ships.
  • The cruise operator expects to burn about $650 million a month for the second half of the year.

Carnival Corp. reported a preliminary quarterly loss of more than $4 billion, its largest ever, as the COVID-19 pandemic has idled ships, reports Wall Street Journal.

The cruise company has...

https://mfame.guru/cruise-giant-sinks-to-record-loss/