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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.
For the year, the company reported profit of $546.9 million, or $10.03 per share. Revenue was reported as $1.33 billion.
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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