Scorpio Tankers has reported a deeper than expected loss for the third quarter of 2017.
New York-listed Scorpio, which took over Navig8 Product Tankers earlier this year, logged an adjusted loss of $34m in the three months to the end of September.
Its adjusted loss per share of $0.15 rang in wider that the $0.12 loss analysts had projected.
Noah Parquette of JP Morgan says the timing of the Navig8 transaction may have contributed to the miss on his estimates, suggesting both his revenue and cost figures were potentially inflected.
