Flex LNG Q1 Adj. EPS $0.54 Beats $0.49 Estimate, Sales $88.44M Beat $87.60M Estimate

Flex LNG (NYSE:FLNG) reported quarterly earnings of $0.54 per share which beat the analyst consensus estimate of $0.49 by 10.2 percent. This is a 22.86 percent decrease over earnings of $0.70 per share from the same period last year. The company reported quarterly sales of $88.44 million which beat the analyst consensus estimate of $87.60 million by 0.96 percent. This is a 1.99 percent decrease over sales of $90.23 million the same period last year.