Frontline Ltd. Reaches New 12-Month High at $5.18 (FRO)
Frontline (NYSE:FRO)’s share price reached a new 52-week high during trading on Thursday, Stock Ratings Network reports. The stock traded as high as $5.18 and last traded at $4.90, with a volume of 6,206,564 shares traded. The stock had previously closed at $4.61.
Frontline (NYSE:FRO) last announced its earnings results on Friday, November 29th. The company reported ($0.46) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.47) by $0.01. The company had revenue of $51.30 million for the quarter, compared to the consensus estimate of $47.76 million. During the same quarter in the prior year, the company posted ($0.63) earnings per share. The company’s quarterly revenue was down 18.3% on a year-over-year basis.
Frontline Ltd. is a shipping company. The Company is engaged primarily in the ownership and operation of oil tankers and oil/bulk/ore (NYSE:FRO) carriers.
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