Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Why Aegean Marine Petroleum Network's Shares Sank

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Aegean Marine Petroleum Network (NYSE: ANW  ) dropped 10% today after reporting earnings.

So what: Revenue dropped 10.4% to $1.69 billion and net income doubled to $5.5 million, or $0.12 per share. Revenue was ahead of estimates but on an adjusted basis earnings per share of $0.13 fell short of estimates by $0.04.  

Now what: Demand for the company's services is still lagging because of challenges in the shipping market. Those trends don't appear to be easing any time soon; I see the improved margins as a positive I don't like the top-line trends. I don't think this is a discount to buy on and would wait until macro conditions improve.

Interested in more info on Aegean Marine Petroleum Network? Add it to your watchlist by clicking here.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2603030, ~/Articles/ArticleHandler.aspx, 9/29/2016 6:31:56 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,143.45 -195.79 -1.07%
S&P 500 2,151.13 -20.24 -0.93%
NASD 5,269.15 -49.39 -0.93%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/29/2016 4:02 PM
ANW $9.68 Down -0.21 -2.12%
Aegean Marine Petr… CAPS Rating: ***