However, shares jumped 6.3% to $6.60 after hours as revenue beat estimates from analysts, who had expected revenue to drop slightly.

 The provider of shipping fuel at ports around the world had posted weaker earnings for most of 2011 amid soft growth in the maritime industry. Revenue climbed sharply in 2010, though that growth has slowed down in recent periods. The company focuses on key hubs that lie along major shipping routes with a significant amount of commercial ship traffic.

 The latest period included a $4.2 million loss from the sale of noncore vessels, compared with a year-earlier.

 Aegean reported a profit of $2.7 million, or six cents a share, down from $3.2 million, or seven cents a share, a year earlier. Analysts polled by Thomson Reuters had forecast a per-share profit of 14 cents.

 Total revenue rose 6.4% to $1.89 billion, topping the $1.74 billion estimate from analysts.

 Gross margin widened to 4.2% from 3.9%.

http://www.turkishmaritime.com.tr/

source: wallstreetjournal