FRO - First Quarter 2021 Results

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Go back to FRO - First Quarter 2021 Results

Frontline (FRO) Misses Q1 EPS by 28c, Revenues Beat

May 27, 2021 8:36 AM EDT

Frontline (NYSE: FRO) reported Q1 EPS of $0.04, $0.28 worse than the analyst estimate of $0.32. Revenue for the quarter came in at $194 million versus the consensus estimate of $184.43 million.

Highlights

Net income of $28.9 million, or $0.15 per diluted share for the first quarter of 2021.Adjusted net income of $8.8 million, or $0.04 per diluted share for the first quarter of 2021.Reported total operating revenues of $194.0 million for the first quarter of 2021.Reported spot TCEs for VLCCs, Suezmax and LR2 tankers in the first quarter of 2021 were $19,000, $15,200 and $12,000 per day, respectively.For the second... More