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Update: Frontline Shares Fall After Q1 Adjusted Earnings Miss Estimates

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(Updates with share movement in the headline and first paragraph)

Frontline (FRO) shares were down 2.3% in Friday trading after the company reported Q1 adjusted earnings below analyst expectations.

The company reported Q1 adjusted earnings Friday of $1.55 per diluted share, up from $0.18 a year earlier.

Analysts polled by FactSet expected $1.65.

Total revenue and other operating income for the quarter ended March 31 were $929.3 million, up from $428.1 million a year ago.

Analysts surveyed by FactSet expected $579.6 million.

Price: $37.56, Change: $-0.90, Percent Change: -2.34%

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