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Aegean Marine tops 4Q revenue forecasts

ATHENS, Greece (AP) _ Aegean Marine Petroleum Network Inc. (ANW) on Wednesday reported fourth-quarter earnings of $16 million.

The Athens, Greece-based company said it had profit of 41 cents per share.

The marine-fuel logistics company posted revenue of $1.2 billion in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $1.06 billion.

For the year, the company reported profit of $51.9 million, or $1.14 per share. Revenue was reported as $4.08 billion.

Aegean Marine shares have climbed 2.5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $10.40, a rise of 41 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ANW at https://www.zacks.com/ap/ANW


Keywords: Aegean Marine Petroleum Network, Earnings Report