Pangaea Logistics Solns (NASDAQ:PANL) reported quarterly losses of $(0.03) per share which beat the analyst consensus estimate of $(0.12) by 75 percent. This is a 121.43 percent decrease over earnings of $0.14 per share from the same period last year. The company reported quarterly sales of $122.80 million which missed the analyst consensus estimate of $128.45 million by 4.40 percent. This is a 17.23 percent increase over sales of $104.75 million the same period last year.