Scorpio Tankers: Q3 Earnings Snapshot
MONACO (AP) — MONACO (AP) — Scorpio Tankers Inc. (STNG) on Thursday reported third-quarter earnings of $100.4 million.
On a per-share basis, the company said it had net income of $1.93. Earnings, adjusted for non-recurring gains, were $1.91 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.60 per share.
The shipping company posted revenue of $291.2 million in the period. Its adjusted revenue was $289.2 million, which also topped Street forecasts. Four analysts surveyed by Zacks expected $284.1 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
