Navios Maritime Acquisition (NNA) Misses Q2 EPS by 23c, Revenues Beat

Navios Maritime Acquisition (NYSE: NNA) reported Q2 EPS of $2.01, $0.23 worse than the analyst estimate of $2.24. Revenue for the quarter came in at $112.2 million versus the consensus estimate of $83 million.

Angeliki Frangou, Chairman and Chief Executive Officer of Navios Acquisition stated, “I am pleased with our results for the second quarter of 2020. During the quarter, Navios Acquisition recorded revenue of $112.2 million, adjusted EBITDA of $72.7 million and adjusted net income of $32.4 million, or $2.03 per share. Our chartering strategy focuses on capturing upside and we earned $20.7 million in profit sharing in the second quarter of 2020. We also declared a quarterly distribution of $0.30 cents per share for the second quarter.”

For earnings history and earnings-related data on Navios Maritime Acquisition (NNA) click here.

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