MONACO (AP) — MONACO (AP) — Scorpio Tankers Inc. (STNG) on Tuesday reported first-quarter earnings of $216.3 million.
On a per-share basis, the company said it had net income of $4.32. Earnings, adjusted for non-recurring gains, were $3.02 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.73 per share.
The shipping company posted revenue of $312.9 million in the period. Its adjusted revenue was $303 million.
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