MONACO (AP) — MONACO (AP) — Scorpio Tankers Inc. (STNG) on Thursday reported third-quarter profit of $84.5 million.
On a per-share basis, the company said it had net income of $1.73. Earnings, adjusted for non-recurring gains, were $1.49 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.
The shipping company posted revenue of $241.4 million in the period. Its adjusted revenue was $232.9 million.
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