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Safe Bulkers: Q1 Earnings Snapshot MONACO (AP) _ Safe Bulkers Inc. (SB) on Wednesday reported first-quarter net income of $21.3 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the company said it had profit of 18 cents. Earnings, adjusted for non-recurring gains, were 14 cents per share.

The shipping company posted revenue of $62.5 million in the period. Its adjusted revenue was $58.1 million.

In the final minutes of trading on Wednesday, the company’s shares hit $4. A year ago, they were trading at $1.01.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SB at https://www.zacks.com/ap/SB

<p>MONACO (AP) _ Safe Bulkers Inc. (SB) on Wednesday reported first-quarter net income of $21.3 million, after reporting a loss in the same period a year earlier. On a per-share basis, the company said it had profit of 18 cents...</p>