Why Frontline Stock Just Sank 10%

Why Frontline Stock Just Sank 10%

Shares of ocean-going, oil-carrying transport operator Frontline (NYSE: FRO) tumbled in Wednesday trading, falling 9.5% through 1:15 p.m. EST after the company reported disappointing earnings in its third-quarter 2020 financial report late last night. In fact, earnings came in 10% shy of that mark at $0.29 per share, despite total operating revenue being $247.4 million.