TORM (TRMD) reported Q2 earnings Thursday of $0.60 per basic share, down from $2.08 a year earlier.
Analysts polled by FactSet expected $0.59.
Time charter equivalent earnings for the quarter were $208.2 million, down from $325.9 million a year earlier.
Analysts surveyed by FactSet expected $210.1 million.
The company said it 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. Analysts polled by FactSet expect $859.4 million.
TORM shares were up 5.9% in recent premarket activity.
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