Scorpio Tankers: 2Q Earnings Snapshot
MONACO (AP) _ Scorpio Tankers Inc. (STNG) on Wednesday reported a loss of $29.7 million in its second quarter.
The company said it had a loss of 62 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 71 cents per share.
The shipping company posted revenue of $150.8 million in the period. Its adjusted revenue was $149.5 million, which matched Street forecasts.
Scorpio Tankers shares have climbed 51% since the beginning of the year. The stock has increased 23% in the last 12 months.