MONACO (AP) — MONACO (AP) — Scorpio Tankers Inc. (STNG) on Wednesday reported second-quarter profit of $73.5 million.
On a per-share basis, the company said it had net income of $1.53. Earnings, adjusted for non-recurring gains, were $1.41 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.
The shipping company posted revenue of $230.2 million in the period. Its adjusted revenue was $222.8 million.
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