TMCnet News
Frontline Tops Estimates (FRO)May 25, 2012 (SmarTrend(R) News Watch via COMTEX) -- 5-25-12-Frontline (NYSE:FRO) reported Q1 EPS of $0.09, topping estimates by $0.25. Revenues in the quarter fell 28.7% year-over-year to $167.8 million. Frontline Limited owns a fleet of very large crude carriers and Suezmax tankers that transport crude oil and oil products between ports. The Company's vessels are managed by ship management companies. Frontline conducts activities worldwide. SmarTrend alerted subscribers to take profits in Frontline on April 23, 2012 at $5.92, since then the stock fell 15.9%. We are now watching for any positive developments that could result in a new uptrend signal. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |
