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eastcoastgale

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eastcoastgale

Re: None

Tuesday, 10/30/2007 9:18:16 AM

Tuesday, October 30, 2007 9:18:16 AM

Post# of 376167
TEL AVIV (MarketWatch) -- Navios Maritime Holdings Inc.,


the Piraeus, Greece, specialist in dry-bulk shipping, reported third-quarter earnings doubled and revenue quadrupled, driven by more contracts serviced, higher rates, and more operating days. Profit reached $36.5 million, or 34 cents a share, from $16.9 million, or 27 cents, in the year-earlier period. Shares outstanding rose 74% to 108.3 million. Revenue rose to $212.9 million from $50.9 million. A survey of analysts by Thomson Financial produced a consensus estimate of 27 cents of profit for the quarter.
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