MONACO (AP) — MONACO (AP) — Scorpio Tankers Inc. (STNG) on Tuesday reported third-quarter profit of $158.7 million.
The company said it had net income of $3.16 per share. Earnings, adjusted for non-recurring gains, came to $1.75 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.61 per share.
The shipping company posted revenue of $268 million in the period. Its adjusted revenue was $258.2 million, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $270.9 million.
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