MONACO (AP) — MONACO (AP) — Scorpio Tankers Inc. (STNG) on Tuesday reported first-quarter profit of $193.2 million.
On a per-share basis, the company said it had profit of $3.27. Earnings, adjusted for asset impairment costs, came to $3.31 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.92 per share.
The shipping company posted revenue of $384.4 million in the period. Its adjusted revenue was $377.2 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $364.9 million.
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