* Q1 EPS $0.39 vs est $0.36
* Q1 rev up 39 pct but misses Street
* Assumed better charter rates for its fleet in Q1
April 28 Dry cargo vessel operator Navios
Maritime Partners L.P. (NMM.N) reported quarterly profit that
came in ahead of analysts' estimates, helped by better charter
rates for its fleet.
For the latest first quarter, net income was $12.6 million,
or 39 cents a unit, compared with $9 million, or 41 cents a
unit, last year.
Total revenues for the quarter rose 39 percent to $29.4
million, driven by a few vessel acquisitions last year.
Analysts, on average, expected the company to post earnings
of 36 cents a share, excluding items, on revenue of $28.61
million, according to Thomson Reuters I/B/E/S.
Units of the company closed at $19.75 Tuesday on the New
York Stock Exchange.
(Reporting by Thyagaraju Adinarayan in Bangalore; Editing by