NaviosMaritime Holdings watched its bottom line plummet in the second quarter with aresult that fell well short of most Wall Street forecasts.
New York-listed Navios reported netincome of $5.3m, versus a profit of $50.9m 12 months ago, while revenue rose to$172.1m from $165.4m year-on-year.
The adjusted gain weighed in at $5m or $0.04in earnings per share, six cents below analysts’ consensus estimate, accordingto Thompson Reuters.
Navios
