Navios Maritime Partners (NMM) Tops Q1 EPS by 8c

Navios Maritime Partners (NYSE: NMM) reported Q1 EPS of $0.24, $0.08 better than the analyst estimate of $0.16. Revenue for the quarter came in at $57.5 million versus the consensus estimate of $60.41 million.

Angeliki Frangou, Chairman and Chief Executive Officer of Navios Partners, stated: "I am pleased with our results for this quarter, in which we achieved EBITDA of $69.0 million and net income of $18.4 million. Our quarterly distribution of $0.4425, represents an annual distribution of $1.77 per unit and a current yield of 9.4%. Navios Partners is committed to this distribution through 2015."

For earnings history and earnings-related data on Navios Maritime Partners (NMM) click here.

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