Scorpio Tankers Inc. Announces Financial Results for the First Quarter of 2021 and Declaration of a Quarterly Dividend
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Scorpio Tankers (STNG) Misses Q1 EPS by 11c, Revenues Miss
May 7, 2021 7:09 AM EDTScorpio Tankers (NYSE: STNG) reported Q1 EPS of ($1.15), $0.11 worse than the analyst estimate of ($1.04). Revenue for the quarter came in at $134.17 million versus the consensus estimate of $139.1 million.
Our first quarter results were as expected, said Tim Gitzel, Camecos president and CEO. With the continued execution of our strategy and the unplanned disruptions due to the COVID-19 pandemic, we are not at the regular tier-one run rate of our business. However, despite the near-term costs of our strategy and associated with the precautionary production suspension at Cigar Lake, we ended the quarter... More
