NEW YORK (AP) — NEW YORK (AP) — International Seaways, Inc. (INSW) on Thursday reported fourth-quarter earnings of $132.1 million.

The New York-based company said it had net income of $2.68 per share. Earnings, adjusted for non-recurring gains, came to $2.18 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.08 per share.

The company posted revenue of $250.7 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $239.4 million.

For the year, the company reported profit of $556.4 million, or $11.25 per share. Revenue was reported as $1.07 billion.

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