MONACO (AP) — MONACO (AP) — Scorpio Tankers Inc. (STNG) on Thursday reported fourth-quarter earnings of $264.4 million.
The company said it had net income of $4.37 per share. Earnings, adjusted for asset impairment gains, were $4.24 per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $4.38 per share.
The shipping company posted revenue of $493.7 million in the period. Its adjusted revenue was $460.3 million, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $479.9 million.
For the year, the company reported profit of $637.3 million, or $10.34 per share. Revenue was reported as $1.47 billion.
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