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Stocks in Action: Excel Maritime Carriers (NYSE:EXM) and Aegean Marine Petroleum Network Inc. (NYSE:ANW)

on 17/05/2013

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SmartOTC brings a special trend analysis of these stocks: Excel Maritime Carriers (NYSE:EXM) and Aegean Marine Petroleum Network Inc. (NYSE:ANW)

Aegean Marine Petroleum Network Inc. (NYSE:ANW) (“Aegean” or the “Company”) on Friday declared financial and operating earnings for the first quarter that finished on March 31, 2013.

The company recorded sales volumes of 2,367,077 metric tons in first quarter this year. The firm’s gross profit came in $70.7 million in the reported quarter.

In first quarter of this year, operating income came in $9.2 million while Operating income adjusted for the sale of non-core assets reached $12.4 million.

How shares of Aegean Marine Petroleum responded after such news? Click here to find out

The firm (ANW) logged net income attributable to Aegean shareholders of $7.2 million, or $0.15 per basic and diluted earnings per share, in Q1 2013. Net income attributable to Aegean stockholders, adjusted for the sale of non-core assets, came in $6.3 million, or $0.13 per basic and diluted earnings per share. The firm logged EBITDA of $21.0 million in Q1 2013.

In one of the weird acts of the present uptrend, shipping fleets on Thursday joined this week’s transportation gathering, guided by two stocks seemingly wobbling on the verge of insolvency.

How shares of Excel Maritime responded after such news? Click here to find out

Eagle Bulk Shipping (EGLE) surged 54%, while Excel Maritime Carriers (NYSE:EXM) crept ahead 41%. Genco Shipping & Trading (GNK) was  up 16% and Freeseas (FREE) climbed up 18%. All closed the session well lower 5 per share, apart from Eagle, which ended at 5.30.

The Dow Transports declined on Thursday, but stayed up so far for the week, boosted mainly by railroads and trucking fleets.

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Source: smartotc Posted Fri, May 17, 2013 17:24 - Permalink