Scorpio Tankers: Q2 Earnings Snapshot
By AP News
Published - Jul 30, 2024, 08:38 AM ET
Last Updated - Jul 30, 2024, 08:38 AM EDT
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.
