Market Overview

Navios Maritime: Q3 Earnings Insights

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Shares of Navios Maritime (NYSE:NNA) moved higher by 8.8% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 80.83% over the past year to ($0.23), which missed the estimate of ($0.16).

Revenue of $78,807,000 higher by 33.65% from the same period last year, which missed the estimate of $115,000,000.

Looking Ahead

Navios Maritime hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Dec 01, 2020

Time: 08:30 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg30.jsp&referrer=http%3A%2F%2Fir.navios-acquisition.com%2Fevents%2Fevent-details%2Fq3-2020-navios-maritime-acquisition-corporation-earnings-conference-call&eventid=2807857&sessionid=1&key=05C886A13B44F495DA0EB143BB5FEAA1&regTag=&sourcepage=register

Price Action

52-week high: $9.18

Company's 52-week low was at $2.09

Price action over last quarter: Up 7.83%

Company Description

Navios Maritime Acquisition Corporation owns and operates tanker vessels aimed at the transportation of petroleum products and bulk liquid chemicals. The company owns a fleet of modern crude oil, refined petroleum product and chemical tankers providing world-wide marine transportation services. It charters its vessels to international oil companies, refiners, and large vessel operators under long, medium and short-term charters. Navios Maritime generates the majority of its revenue by rendering its services in Asia, Europe, and the United States.

 

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Posted-In: Earnings News