MONACO (AP) — MONACO (AP) — Scorpio Tankers Inc. (STNG) on Thursday reported fourth-quarter net income of $128.1 million.
The company said it had net income of $2.59 per share. Earnings, adjusted for non-recurring gains, were $1.62 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.
The shipping company posted revenue of $252.7 million in the period. Its adjusted revenue was $241.4 million.
For the year, the company reported profit of $344.3 million, or $7.03 per share. Revenue was reported as $901.3 million.
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