Navigator Holdings reported a drop in third-quarter earnings, but the result was better than Wall Street predictions.

The New York-listed LPG and ethylene carrier owner said in a preliminary earnings report that it logged a profit of $6.5m during the period, which was well below the $22.7m in net income a year earlier.

Earnings per share of $0.12 was within a wide range of analyst estimates but above the consensus prediction of $0.08.

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