Active Stocks in the News: Star Bulk Carriers Corp. (NASDAQ:SBLK), Apogee Enterprises Inc (NASDAQ:APOG) 

Shares of Star Bulk Carriers Corp. (NASDAQ:SBLK), inclined 10.19% to $2.38, during its last trading session.


Star Bulk Carriers Corp., a shipping company, provides seaborne transportation solutions in the dry bulk sector worldwide. Its vessels transport various bulks, which comprise iron ore, coal, and grain, in addition to bauxite, fertilizers, and steel products. As of April 21, 2015, the company owned 70 dry bulk vessels, counting 1 Newcastlemax, 19 Capesize, 4 Post-Panamax, 20 Kamsarmax, 8 Panamax, 7 Ultramax, 10 Supramax, and 1 Handymax vessel with a total carrying capacity of 7.2 million dwt.

Star Bulk Carriers Corp., declared its unaudited financial and operating results for the second quarter and the first half of 2015.

(1) See the table at the back of this release for a reconciliation of EBITDA and Adjusted EBITDA to Net Cash Offered by / (Used in) Operating Activities, which is the most directly comparable financial measure calculated and presented in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”).

(2) Average daily Net Cash G&A expenses per vessel is calculated by deducting Administration fee Income from, and adding the Administration fee expense to, General and Administrative expenses (net of stock based compensation expense) and then dividing the result by ownership days.

At the end of Wednesday’s trade, Shares of Apogee Enterprises Inc (NASDAQ:APOG), gained 1.56% to $57.86.

Apogee Enterprises, Inc. designs and develops glass solutions for enclosing commercial buildings and framing art in the United States, Canada, and Brazil. It operates through four segments: Architectural Glass, Architectural Services, Architectural Framing Systems, and Large-Scale Optical Technologies (LSO).

Apogee Enterprises, declared fiscal 2016 second-quarter results. Apogee provides distinctive solutions for enclosing commercial buildings and framing art.


Revenues of $240.8 million were up 4 percent.

In constant currency, revenues were up 6 percent.

Operating income of $22.4 million was up 45 percent.

EPS of $0.50 was up 43 percent vs. preceding-year adjusted EPS of $0.35.

Preceding-year period EPS of $0.57 comprised $0.22 from a tax credit.

Backlog of $511.9 million was up 7 percent to a near-record level.

Cash and short-term investments were $92.3 million.

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About the Author

Tanya Jones
Tanya is a senior reporter for JBH News Sports & Tech section. She graduated from York College, City University of New York in 2012.