Scorpio Tankers: Q1 Earnings Snapshot
Scorpio Tankers Inc. (STNG) on Tuesday reported first-quarter profit of $193.2 million. On a per-share basis, the company said it had profit of $3.27. Earnings, adjusted for asset impairment costs, came to $3.31 per share. The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.92 per share
By AP News
Published - May 02, 2023, 06:57 AM ET
Last Updated - May 06, 2024, 12:01 PM EDT
MONACO (AP) — MONACO (AP) — Scorpio Tankers Inc. (STNG) on Tuesday reported first-quarter profit of $193.2 million.
On a per-share basis, the company said it had profit of $3.27. Earnings, adjusted for asset impairment costs, came to $3.31 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.92 per share.
The shipping company posted revenue of $384.4 million in the period. Its adjusted revenue was $377.2 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $364.9 million.
