FRO - Frontline: Q2 2018 Earnings Analysis
On Wednesday, August 22, 2018, oil tanker operator Frontline Ltd. (FRO) announced its second quarter 2018 earnings results. These results were certainly better than the market expected as the company's earnings beat the expectations of analysts and also posted a solid year-over-year revenue gain. The market clearly liked these results as the stock was driven up by nearly 4% in the pre-market trading session. With that said though, the overall market environment for oil tankers is quite weak and has been for quite some time so the company continues to struggle.
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