Star Bulk Carriers gains on Q1 profit beat, new share repurchase program

Star Bulk Carriers

17/05/2023 13:03

** U.S.-listed shares of Star Bulk Carriers Corp  SBLK.O  up
2.3% at $18.61 premarket
    ** Co reports Q1 adj. net income of 36 cents/share, above
analysts' ests of 28 cents/share - Refinitiv
    ** Voyage revenue in quarter were $224.0 mln vs $360.9 mln a
year earlier
    ** Also announces new repurchase program to buyback up to
$50 mln of its shares 
    ** Shares down ~5% YTD
    
    
    

 (Reporting by Yamini Kalia in Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com))