NEW YORK ( TheStreet) -- Genco Shipping & Trading (GNK), which has gone on a fleet-expansion buying spree this year, steamed past Wall Street estimates with its second-quarter earnings, and investors bid up its stock in after-market action Monday.Genco's sister company, meanwhile -- the freshly minted Baltic Trading -- which went public in March and only had three vessels in operation in the quarter, reported results after the close Monday that matched analysts' views. The company also declared a 16-cent dividend, and investors bid up Baltic stock sharply after the closing bell. In recent trades it had changed hands at $12.80, almost 9% higher than its regular-session close.
Genco Beats Views; Shares Rise
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