Scorpio Tankers Q4 Adj. EPS $2.75 Beats $2.63 Estimate, Sales $336.31M Beat $334.98M Estimate
Portfolio Pulse from Benzinga Newsdesk
Scorpio Tankers (NYSE:STNG) reported Q4 adjusted EPS of $2.75, surpassing the $2.63 estimate, with sales of $336.31M also beating the $334.98M estimate. However, these figures represent a significant decrease from the same period last year, with earnings down 35.14% and sales down 31.88%.

February 14, 2024 | 11:49 am
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Scorpio Tankers reported higher-than-expected Q4 earnings and sales, but with a significant decrease from last year's figures.
While Scorpio Tankers exceeded analyst expectations for Q4, the substantial decrease in both earnings and sales compared to the previous year could temper investor enthusiasm. The positive earnings surprise may provide short-term support to the stock price, but the year-on-year decline highlights potential challenges in the company's operational environment or market conditions. Investors may adopt a cautious approach until more positive trends emerge.
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