Navios Maritime Slips To Loss In Q2 - Quick Facts

(RTTNews) - Navios Maritime Holdings Inc. (NM), an integrated seaborne shipping and logistics company, Thursday reported a loss for the second quarter, that reflected decrease in revenues. In the premarket, the stock was trading down 5.56 percent.

Net loss attributable to Navios Holdings common stockholders was $16.3 million or $0.16 per share, compared with net income of $5.2 million or $0.05 per share last year.

On average, two analysts polled by Thomson Reuters expected loss per share of $0.11 for the quarter. Analysts' estimates typically exclude one-time items. Revenue decreased to $125.5 million, from prior year's $172 million. Analysts expected the company to generate revenues of $132.55 million.

On August 19, the company declared a quarterly cash dividend of $0.06 per share payable on September 26 to shareholders of record on September 18.

In the premarket trade, shares were trading down 5.56 percent at $5.95.