Frontline (FRO) Reports Q4 Revenues Above Estimates

Frontline (NYSE: FRO) reported Q4 EPS of $0.03, versus ($0.08) reported last year. Revenue for the quarter came in at $99 million versus the consensus estimate of $97.43 million.

• Reports a net income attributable to the Company adjusted for certain non-cash items of $5.0 million, or $0.03 per share, for the fourth quarter of 2017.
• Reports a net loss attributable to the Company of $248.4 million, or $1.46 per share, for the fourth quarter of 2017, including noncash impairment losses of $255.8 million
• Reports net loss attributable to the Company adjusted for certain non-cash items of $4.4 million, or $0.03 per share and a net loss attributable to the Company of $264.9 million, or $1.56 per share, respectively for the year ended December 31, 2017.
• Agreed with Ship Finance to terminate the long-term charter for the 1999-built VLCC Front Circassia
• Extended the terms of its senior unsecured loan facility of up to $275.0 million facility with an affiliate of Hemen Holding Ltd by 12 months repayable in November 2019.

For earnings history and earnings-related data on Frontline (FRO) click here.

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