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Ship Finance: 1Q Earnings Snapshot

HAMILTON, Bermuda (AP) _ Ship Finance International Ltd. (SFL) on Thursday reported first-quarter earnings of $24.7 million.

The Hamilton, Bermuda-based company said it had profit of 24 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.

The oil tanker owner and operator posted revenue of $92.3 million in the period.

Ship Finance shares have dropped 7 percent since the beginning of the year. The stock has climbed almost 7 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SFL at https://www.zacks.com/ap/SFL