Scorpio Tankers (STNG) shares were slightly higher in recent Thursday trading after the company's Q1 results topped analysts' expectations despite a year-over-year decline.
The company earlier reported Q1 adjusted earnings of $1.03 per diluted share, down from $3.97 a year earlier.
Analysts polled by FactSet expected $0.75.
Time charter equivalent revenue for the quarter ended March 31 was $204.2 million, down from $389.8 million a year earlier.
Analysts surveyed by FactSet expected $199.6 million.
The company said its board on Wednesday maintained a quarterly dividend of $0.40 per share, payable June 16 to shareholders of record on May 30.
Price: 37.88, Change: +0.19, Percent Change: +0.50
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