Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Frontline Stock Just Sank 10%

TheMotleyFool

0 0

Shares of ocean-going, oil-carrying transport operator Frontline (NYSE: FRO) tumbled in Wednesday trading, falling 9.5% through 1:15 p.m. EST after the company reported disappointing earnings in its third-quarter 2020 financial report late last night.

Analysts had forecast that Frontline would earn $0.32 per share on sales of $184.4 million. In fact, earnings came in 10% shy of that mark at $0.29 per share, despite total operating revenue being $247.4 million.

Image source: Getty Images.

Source Fool.com

Like: 0

FRO

Share