Navios Maritime Acquisition (NNA) Misses Q4 EPS by 50c, Revenues Miss
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Navios Maritime Acquisition (NYSE: NNA) reported Q4 EPS of ($0.79), $0.50 worse than the analyst estimate of ($0.29). Revenue for the quarter came in at $72.55 million versus the consensus estimate of $168 million.
Angeliki Frangou, Chairman and Chief Executive Officer of Navios Acquisition stated, “The pandemic materially impacted the tanker sector. In early 2020, collapsing oil demand drove the need for storage. As the pandemic progressed, the recession in the travel and entertainment industries migrated to oil transportation. While we believe the outlook looks brighter now, with countries well into vaccination programs and the travel industry showing signs of revival, the market remains difficult today.”
For earnings history and earnings-related data on Navios Maritime Acquisition (NNA) click here.
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