AP NEWS
Click to copy
Click to copy
Related topics

Scorpio Tankers: 2Q Earnings Snapshot

July 31, 2019

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.

_____

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

All contents © copyright 2019 The Associated Press. All rights reserved.