Monaco-based Scorpio Tankers Inc. (STNG) on Thursday reported fourth-quarter earnings of $264.4 million, according to Zacks Investment Research.

The company said it had net income of $4.37 per share. Earnings, adjusted for asset impairment gains, were $4.24 per share.
The results fell a little short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $4.38 per share.

The company posted revenue of $493.7 million in the period. Its adjusted revenue was $460.3 million, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $479.9 million.

For the year, the company reported profit of $637.3 million, or $10.34 per share. Revenue was reported as $1.47 billion.

ORIGINAL SOURCE: Zacks Investment Research