Frontline: Q4 Earnings Snapshot

LIMASSOL, Cyprus (AP) — LIMASSOL, Cyprus (AP) — Frontline plc (FRO) on Thursday reported fourth-quarter earnings of $118.4 million.

On a per-share basis, the Limassol, Cyprus-based company said it had profit of 53 cents. Earnings, adjusted for non-recurring gains, were 46 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.

The shipping company posted revenue of $415 million in the period. Its adjusted revenue was $256.9 million.

For the year, the company reported profit of $656.4 million, or $2.95 per share. Revenue was reported as $1.21 billion.


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