Frontline plc (NYSE:FRO) is set to release earnings results for its second quarter, before the opening bell on Friday, Aug. 30.
Analysts expect the Limassol, Cyprus-based company to report quarterly earnings at 67 cents per share, down from 94 cents per share in the year-ago period. Frontline projects to report quarterly revenue of $382.32 million for the quarter, down from $512.76 million in the year-ago quarter, according to data from Benzinga Pro.
On Feb. 29, Frontline reported a fourth-quarter fiscal 2023 revenue decline of 21.8% year-over-year to $415 million, beating the consensus of $270.06 million.
Frontline shares fell 0.1% to close at $23.32 on Thursday.
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