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Scorpio Tankers: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

MONACO (AP) — MONACO (AP) — Scorpio Tankers Inc. (STNG) on Tuesday reported second-quarter earnings of $227.3 million.

On a per-share basis, the company said it had net income of $4.34. Earnings, adjusted for non-recurring gains, came to $3.60 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.52 per share.

The shipping company posted revenue of $380.7 million in the period. Its adjusted revenue was $373.5 million, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $371.1 million.

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