Shares of Torm PLC (NASDAQ:TRMD) surged 7.34% in Thursday's intraday trading following the release of the company's second-quarter earnings report that significantly exceeded analyst expectations, particularly on the sales front. The Danish shipping company's strong performance and improved outlook have sparked investor enthusiasm, driving the stock higher.

Torm reported quarterly earnings per share (EPS) of $0.58, slightly beating the analyst consensus estimate of $0.57. However, it was the company's sales figures that truly impressed investors. Torm announced quarterly sales of $315.20 million, dramatically outperforming the analyst consensus estimate of $208.19 million by a staggering 51.40%. This substantial beat on sales estimates indicates resilience in Torm's operations despite challenging market conditions.

Adding to the positive sentiment, Torm raised its guidance for 2025 time charter equivalent earnings. The company now expects 2025 time charter equivalent earnings in the range of $800 million to $950 million, up from its prior range of $700 million to $900 million. This upward revision in outlook suggests management's confidence in the company's future performance, further fueling investor optimism. The market's enthusiastic response to Torm's earnings report and improved guidance underscores the shipping industry's potential for recovery and growth, despite ongoing global economic uncertainties.