Scorpio Tankers Inc. (STNG) on Wednesday reported second-quarter net income of $132.4 million, according to Zacks.
The company said it had net income of $2.40 per share. Earnings, adjusted to extinguish debt, came to $2.41 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.38 per share.
The shipping company posted revenue of $329.3 million in the period. Its adjusted revenue was $327.6 million, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $332.3 million.
ORIGINAL SOURCE: Zacks Investment Research