Scorpio Tankers (STNG) Misses Q2 EPS by 48c, Revenues Miss

Scorpio Tankers (NYSE: STNG) reported Q2 EPS of $2.40, $0.48 worse than the analyst estimate of $2.88. Revenue for the quarter came in at $346.24 million versus the consensus estimate of $371.26 million.

Results for the three months ended June 30, 2020 and 2019

For the three months ended June 30, 2020, the Company had net income of $143.9 million, or $2.63 basic and $2.40 diluted earnings per share. For the three months ended June 30, 2020, the Company had an adjusted net income (see Non-IFRS Measures section below) of $144.3 million, or $2.63 basic and $2.40 diluted earnings per share, which excludes from net income a $0.3 million, or $0.01 per basic and diluted share, write-off of deferred financing fees.

For the three months ended June 30, 2019, the Company's net loss was $29.7 million, or $0.62 basic and diluted loss per share. There were no Non-IFRS adjustments to the net loss for the three months ended June 30, 2019.

For earnings history and earnings-related data on Scorpio Tankers (STNG) click here.

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