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Frontline: 2Q Earnings Snapshot

August 27, 2019

HAMILTON, Bermuda (AP) _ Frontline Ltd. (FRO) on Tuesday reported second-quarter net income of $1.1 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Hamilton, Bermuda-based company said it had profit of 1 cent. Earnings, adjusted for non-recurring costs, came to 2 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.

The shipping company posted revenue of $193.4 million in the period. Its adjusted revenue was $102.7 million.

Frontline shares have risen 48% since the beginning of the year. The stock has climbed 55% 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 FRO at https://www.zacks.com/ap/FRO

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