Scorpio Tankers Q2 2024 Adj. EPS $3.60 Beats $3.48 Estimate, Sales $380.660M Beat $367.471M Estimate
Portfolio Pulse from Benzinga Newsdesk
Scorpio Tankers (NYSE:STNG) reported Q2 2024 adjusted EPS of $3.60, beating the estimate of $3.48. Sales were $380.660M, surpassing the $367.471M estimate and marking a 15.60% increase from the same period last year.
July 30, 2024 | 10:49 am
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POSITIVE IMPACT
Scorpio Tankers reported strong Q2 2024 results with EPS and sales both beating estimates. Sales increased by 15.60% YoY.
The company's better-than-expected earnings and sales, along with a significant year-over-year increase in sales, are likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100