05:57 PM EDT, 03/13/2024 (MT Newswires) -- Pangaea Logistics Solutions ( PANL ) reported Q4 adjusted EPS late Wednesday of $0.16, down from $0.32 a year earlier.

Analysts polled by Capital IQ expected $0.34.

Revenue for the quarter that ended Dec. 31 was $131.9 million, up from $127.9 million a year earlier.

Analysts surveyed by Capital IQ expected $140.4 million.

Shares of the company traded more than 14% lower in after-hours activity.

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