Investing.com - Navios Maritime Holdings (NYSE:NM) reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Navios Maritime Holdings announced earnings per share of $1.38 on revenue of $159.22M. Analysts polled by Investing.com anticipated EPS of $1.71 on revenue of $298.20M.
Navios Maritime Holdings shares are up 20% from the beginning of the year, still down 67.64% from its 52 week high of $6.69 set on October 11, 2021. They are outperforming the Nasdaq which is down 24.49% from the start of the year.
Navios Maritime Holdings shares gained 0.23% in intra-day trade following the report.
Navios Maritime Holdings follows other major Industrials sector earnings this month
Navios Maritime Holdings's report follows an earnings missed by Deere&Company on August 19, who reported EPS of $6.16 on revenue of $13B, compared to forecasts EPS of $6.65 on revenue of $12.93B.
Siemens ADR had missed expectations on August 11 with third quarter EPS of $-1.07 on revenue of $18.48B, compared to forecast for EPS of $-0.3269 on revenue of $17.68B.
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