— Frontline Ltd. (NYSE: FRO) reported a net loss of $10.0 million or $0.06 per share for the third quarter of 2019, vs. a loss of $0.08 per share expected.
— Reported spot-average-daily-time-charter-equivalent of $22,900, $16,200 and $15,900 for VLCCs, Suezmax tankers and LR2 tankers, respectively
— Total operating revenues declined to $187.64 million in Q3 from $188.77 million last year, vs. $97.43 million expected
— Expects spot-average-daily-time-charter-equivalent of $64,800, contracted for 78% of vessel days, for VLCCs in Q4
— Expects spot-average-daily-time-charter-equivalent of $49,400, contracted for 71% of vessel days, for Suezmax tankers in Q4
— Expects spot-average-daily-time-charter-equivalent of $29,900, contracted for 74% of vessel days, for LR2s in Q4
— Secured a commitment from ICBC Financial Leasing for a sale-and-leaseback agreement, valued up to $544 million
— Declared a cash dividend of $0.10 per share for the third quarter of 2019
Micron Technology Inc. (NASDAQ: MU) reported third quarter 2022 earnings results today. Revenue increased 16% year-over-year to $8.64 billion. GAAP net income was $2.63 billion, or $2.34 per share, compared
Shares of Constellation Brands Inc. (NYSE: STZ) were down 4% on Thursday despite the company beating expectations on its first quarter 2023 earnings results. The stock has dropped 7% year-to-date.
Constellation Brands, Inc. (NYSE: STZ) reported first quarter 2023 earnings results today. Net sales increased 17% year-over-year to $2.3 billion. Net income attributable to CBI was $390 million, or $2.06