Frontline Q2 EPS $0.94 Beats $0.83 Estimate, Sales $522.15M Beat $336.39M Estimate
Portfolio Pulse from Benzinga Newsdesk
Frontline (NYSE:FRO) reported Q2 earnings of $0.94 per share, beating the analyst consensus estimate of $0.83 by 13.25%. This is a 347.62% increase from the same period last year. The company also reported quarterly sales of $522.15 million, beating the analyst consensus estimate of $336.39 million by 55.22%, a 73.80% increase from the same period last year.
August 24, 2023 | 7:22 am
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POSITIVE IMPACT
Frontline's Q2 earnings and sales significantly exceeded analyst estimates, indicating strong financial performance.
Frontline's earnings and sales for Q2 significantly exceeded analyst estimates, which is likely to positively impact investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100