UPDATE 1-Genco Shipping Q2 results beat Wall Street view

* Q2 EPS $1.16 vs est $1.08

* Revenue up 12 pct at $105.3 mln

Aug 9 (Reuters) - Drybulk carrier Genco Shipping & Trading Ltd (GNK.N) posted a higher-than-expected quarterly profit, helped by increased time charter coverage.

For the second quarter, the company reported net income of $36.8 million, or $1.16 a share, compared with $37.6 million, or $1.20 a share, a year ago.

Revenue rose 12 percent to $105.3 million due to an increase in the size of fleet.

Analysts on average expected Genco to earn $1.08 a share, on revenue of $101.9 million, according to Thomson Reuters I/B/E/S.

Separately, Baltic Trading Ltd (BALT.N), a company that was formed last October and managed by Genco, posted a second-quarter profit of 12 cents a share, in line with Wall Street estimates. [ID:nASA00MVV]

Baltic Trading was formed by Genco to focus on the volatile spot market. Baltic went public in March and its ships are managed by Genco.

Genco shares were closed at $17.28 Monday on the New York Stock Exchange. Baltic Trading closed at $11.75. (Reporting by Vinay Sarawagi in Bangalore; Editing by Vinu Pilakkott) ((vinay.sarawagi@thomsonreuters.com; within U.S. +646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: vinay.sarawagi.reuters.com@reuters.net))