Navios Maritime reports Q4 EPS $1.32, consensus (9c) Reports Q4 revenue $128.46M, consensus $123.13M. EBITDA for year ended December 31, 2012 includes a $161.2M gain from defaulted charters' compensation and related accounts, net; and a $300K gain on the sale of the Navios Buena Ventura to Navios Partners. Net Income and Basic EPS for the year ended December 31, 2012 includes items and described in the immediately preceding paragraph, and a $4.1M accelerated amortization of intangibles.
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Navios Maritime upgraded to Buy from Hold at Stifel Stifel upgraded Navious Maritime to reflect benefits of falling iron ore prices that has resulted in improved Capesize dry build demand. Price target is $14.