Navios Maritime Acquisition Corp widened its third-quarter loss beyond Wall Street projections.
The New York-listed company posted adjusted net loss of $23.1m versus an $8.15m deficit a year earlier.
These results translated into loss per share of $0.16, missing analyst estimates of $0.14 loss per share.
The negative numbers were in great part due to less revenue driven by lower charter rates and March sale of the 297,200-dwt Nave Galactic (built 2009) to Navios Midstream.
