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MONACO (AP) — MONACO (AP) — Safe Bulkers Inc. (SB) on Monday reported net income of $7.2 million in its first quarter.

On a per-share basis, the company said it had profit of 5 cents.

The shipping company posted revenue of $64.3 million in the period. Its adjusted revenue was $60.1 million.

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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