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NEW YORK (AP) -- Quintana Maritime Ltd., a Greek shipping company specializing in dry bulk cargo, said Monday it swung to a third-quarter profit as revenue more than doubled. Quintana earned $7.6 million, or 13 cents per share, compared with a loss of $7.6 million, or 19 cents per share, for the same quarter in 2006. The recent quarter's per share amounts are based on about 56.9 million outstanding shares, while the year-ago quarter's are based on about 38.9 million outstanding shares. Excluding an unrealized swap loss and the write-off of unamortized financing costs, the company posted an adjusted profit of 39 cents per share, compared with an adjusted profit of 16 cents per share in the 2006 quarter. Revenue jumped to $64 million from $25 million in the year-ago period. The results beat Wall Street predictions. Analysts polled by Thomson Financial expected a profit of 36 cents per share, excluding the special charges, on $62 million in revenue. Quintana shares fell 6 cents to $25.72 in aftermarket trading, after falling $1.42, or 5.2 percent, to $25.78 in the regular session.
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