TORM Q1 Earnings, Time Charter Equivalent Earnings Rise; 2026 Time Charter Equivalent Earnings Outlook Raised
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TORM (TRMD) reported Q1 earnings of $1.21 per share, an increase from $0.64 a year ago, though below the $1.33 expected by analysts. Time charter equivalent earnings rose to $286 million from $214 million, also missing the $297.4 million forecast. The company raised its 2026 earnings outlook to $1.15 billion to $1.45 billion, up from $850 million to $1.25 billion. Shares rose 2.2% in premarket trading.
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