Pangaea Logistics Solutions Ltd. Q4 adjusted earnings Beat Estimates

Below are the earnings highlights for Pangaea Logistics Solutions Ltd. (PANL):

-Earnings: $7.59 million in Q4 vs. -$4.40 million in the same period last year.
-EPS: $0.17 in Q4 vs. -$0.10 in the same period last year.
-Excluding items, Pangaea Logistics Solutions Ltd. reported adjusted earnings of $6.24 million or $0.14 per share for the period.
-Analysts projected $0.07 per share
-Revenue: $112.85 million in Q4 vs. $130.48 million in the same period last year.

Brazil coronavirus deaths rise by 1,015 on Monday

SAO PAULO (Reuters) – Brazil on Monday registered 1,015 new coronavirus deaths, the Health Ministry said, totaling 279,286 dead since the pandemic began.

Confirmed cases rose by 36,239 to 11,519,609.

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European Economics Preview: Germany Foreign Trade Data Due

Foreign trade data from Germany and revised quarterly national accounts from euro area are due on Tuesday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is slated to issue Germany’s foreign trade data for January. Exports are forecast to fall 1.2 percent and imports to drop 0.5 percent.

At 3.00 am ET, consumer price data from Hungary and foreign trade from the Czech Republic are due.

Half an hour later, Statistics Sweden releases January industrial production and new orders figures. Production had increased 1.4 percent in December.

At 4.00 am ET, Italy’s Istat publishes industrial output data for January. Production is expected to grow 0.7 percent on month, reversing a 0.2 percent drop in December.

At 5.00 am ET, Eurostat releases euro area’s revised GDP data for the fourth quarter. According to previous estimate, gross domestic product had declined 0.6 percent sequentially in the fourth quarter, reversing a record 12.4 percent rebound in the third quarter.

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