Aegean Marine Petroleum 1Q adjusted profit tops Street estimate

Date : 05/14/2008 @ 5:23PM
Source : TFN
Stock : Aegean Marine Petrol (ANW)
Quote : 26.9  0.57 (2.16%) @ 4:35PM
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Aegean Marine Petroleum 1Q adjusted profit tops Street estimate

        SAN FRANCISCO (Thomson Financial) - Aegean Marine Petroleum Network Inc.
late Wednesday reported first-quarter adjusted earnings of $8 million, or 19
cents a share, above the 18-cent mean estimate of analysts polled by Thomson
Reuters.
    The company posted net earnings of $7.5 million, or 18 cents a share, versus
$6.59 million, or 16 cents a share, in the year-ago period.
    Revenue for the quarter ended March 31 rose to $532 million from $213.8
million a year ago, versus the mean Wall Street estimate of $553 million.
    U.S.-listed shares of the Greece-based marine fuel logistics company closed
the regular session up 62 cents at $39.
Brigid Gaffikin
bg/gm

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