Morgan Stanley Downgrades Navios Maritime Partners (NMM) to Underweight

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Go back to Morgan Stanley Downgrades Navios Maritime Partners (NMM) to Underweight

Navios Maritime Partners (NMM) Misses Q4 EPS by 6c, Suspends Distrubutions

February 3, 2016 8:17 AM EST

Navios Maritime Partners (NYSE: NMM) reported Q4 EPS of $0.09, $0.06 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $53.3 million versus the consensus estimate of $59.63 million.

Angeliki Frangou, Chairman and Chief Executive Officer of Navios Partners stated, For 2015, we reported $153.3 million of EBITDA and earned $41.8 million of net income. Our net income per unit for the... More