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Scorpio Tankers: 2Q Earnings Snapshot

MONACO (AP) _ Scorpio Tankers Inc. (STNG) on Tuesday reported a loss of $68.9 million in its second quarter.

On a per-share basis, the company said it had a loss of 22 cents. Losses, adjusted for non-recurring costs, came to 15 cents per share.

The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.

The shipping company posted revenue of $141.8 million in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $139.8 million.

The company's shares closed at $2.16. A year ago, they were trading at $3.72.


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