FRO - First Quarter 2020 Results
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Frontline (FRO) Tops Q1 EPS by 1c, Revenues Beat
May 20, 2020 8:32 AM EDTFrontline (NYSE: FRO) reported Q1 EPS of $0.91, $0.01 better than the analyst estimate of $0.90. Revenue for the quarter came in at $411.82 million versus the consensus estimate of $300.79 million.
Link to 1Q Earnings Presentation
Highlights
Net income of $165.3 million, or $0.84 per diluted share for the first quarter of 2020, excluding $7.1 million of net cash receipts and accrued profit share in relation to the five charter-in and charter-out agreements with Trafigura that have been treated as a... More