Shares of Torm PLC (NASDAQ:TRMD) are soaring 7.34% in Thursday's intraday trading session, following the company's release of its second-quarter earnings report that significantly exceeded analyst expectations, particularly on the sales front.

The Danish shipping company reported quarterly earnings per share (EPS) of $0.58, slightly beating the analyst consensus estimate of $0.57. However, it was Torm's sales figures that truly impressed investors and drove the stock higher. The company reported quarterly sales of $315.20 million, dramatically outperforming the analyst consensus estimate of $208.19 million by a whopping 51.40%.

Adding to the positive sentiment, Torm raised its guidance for 2025 time charter equivalent earnings. The company now expects 2025 time charter equivalent earnings in the range of $800 million to $950 million, up from its prior range of $700 million to $900 million. This upgrade in outlook suggests confidence in the company's future performance despite current industry challenges.

While Torm's Q2 results represent a year-over-year decline, with EPS down 71.29% from $2.02 and sales down 27.99% from $437.70 million in the same quarter last year, the company's ability to exceed market expectations in a challenging environment for the shipping industry has clearly boosted investor confidence. The significant beat on sales estimates and the raised guidance indicate resilience in Torm's operations, driving the stock's impressive surge today.