TORM (TRMD) reported Q1 earnings Wednesday of $1.21 per share, up from $0.64 a year earlier.
Analysts polled by FactSet expected $1.33.
Time charter equivalent earnings for the quarter ended March 31 were $286 million, up from $214 million a year earlier.
Analysts surveyed by FactSet expected $297.4 million.
The company said it now expects 2026 time charter equivalent earnings in the range of $1.15 billion to $1.45 billion, up from its prior range of $850 million to $1.25 billion. Analysts polled by FactSet expect $1.21 billion.
Shares of the company were up 2.2% in premarket trade.
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