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Scorpio Tankers: Q3 Earnings Snapshot
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MONACO (AP) — MONACO (AP) — Scorpio Tankers Inc. (STNG) on Wednesday reported third-quarter net income of $224.3 million.

On a per-share basis, the company said it had net income of $4.60. Earnings, adjusted for non-recurring gains, came to $2.49 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.83 per share.

The shipping company posted revenue of $266.5 million in the period. Its adjusted revenue was $249.1 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STNG at https://www.zacks.com/ap/STNG

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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