Navios Maritime Partners Q3 Adj EPS $2.68 Misses $2.80 Estimate, Sales $323.18M Beat $313.03M Estimate
Portfolio Pulse from Benzinga Newsdesk
Navios Maritime Partners (NYSE:NMM) reported Q3 adjusted earnings of $2.68 per share, missing the analyst consensus estimate of $2.80 by 4.29%. This is a 27.17% decrease from the same period last year. However, the company reported quarterly sales of $323.18 million, beating the analyst consensus estimate of $313.03 million by 3.24%, a 0.24% increase from last year.
November 02, 2023 | 12:08 pm
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Navios Maritime Partners' Q3 earnings missed estimates but sales exceeded expectations. This mixed result could lead to uncertain short-term price movements.
Navios Maritime Partners' earnings miss could negatively impact the stock price, but the sales beat could offset this. The mixed results make the short-term price direction uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100