U.S. Markets closed

Scorpio Tankers reports 1Q loss

MONACO (AP) _ Scorpio Tankers Inc. (STNG) on Wednesday reported a first-quarter loss of $11.5 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the company said it had a loss of 7 cents.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.

The shipping company posted revenue of $122.8 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $123.1 million.

In the final minutes of trading on Wednesday, the company's shares hit $4.11. A year ago, they were trading at $6.53.


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


Keywords: Scorpio Tankers, Earnings Report