Navios Maritime Partners LP (NMM) reported Q1 adjusted earnings Wednesday of $1.58 per diluted unit, down from $2.32 a year earlier.
A single analyst polled by FactSet expected $1.21.
Revenue for the quarter ended March 31 was $304.1 million, down from $318.6 million a year earlier.
A sole analyst surveyed by FactSet expected $257 million.
Shares of the company were up nearly 3% in recent Wednesday premarket activity.
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