How did PANL's Q4 earnings surprise impact its annual performance?

Pangaea Logistics (PANL) experienced a decline in its Q4 earnings, with an EPS surprise of -0.01, compared to the previous quarter's EPS of $0.24. This significant drop in earnings contributed to a decrease in the annual EPS, which fell from $0.58 in 2023 to $0.63 in 2024. Despite the decline in EPS, PANL's total revenue increased from $499.27 million in 2023 to $536.54 million in 2024. This indicates that while the company faced challenges in terms of profitability, it maintained a steady revenue growth.