Scorpio Tankers: Q4 Earnings Snapshot
Scorpio Tankers Inc. (STNG) on Wednesday reported fourth-quarter profit of $120.9 million
By AP News
Published - Feb 14, 2024, 07:06 AM ET
Last Updated - May 07, 2024, 02:08 PM EDT
MONACO (AP) — MONACO (AP) — Scorpio Tankers Inc. (STNG) on Wednesday reported fourth-quarter profit of $120.9 million.
The company said it had profit of $2.34 per share. Earnings, adjusted for non-recurring costs, came to $2.75 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.63 per share.
The shipping company posted revenue of $336.3 million in the period. Its adjusted revenue was $334.1 million, which also beat Street forecasts. Five analysts surveyed by Zacks expected $327.7 million.
