Ultrapetrol Turns To Profit In Q3 - Quick Facts

(RTTNews) - Ultrapetrol (Bahamas) Limited (ULTR) posted third-quarter net income attributable to the company of $7.0 million, or $0.05 per share, compared to net loss of $12.9 million or $0.44 per share in the year-ago quarter.

Adjusted net income for the latest third quarter was $8.4 million or $0.06 per share, compared to an adjusted loss of $11.5 million or $0.39 per share in the comparable quarter last year. On average, three analysts polled by Thomson Reuters expected the company to earn $0.10 per share. Analysts' estimates typically exclude special items.

Total revenues for the latest third quarter rose to $112.59 million from $82.79 million a year earlier, while two analysts expected revenues of $84.08 per share.