Teekay Tankers: 3Q Earnings Snapshot
HAMILTON, Bermuda (AP) _ Teekay Tankers Ltd. (TNK) on Wednesday reported a loss of $19.9 million in its third quarter.
The Hamilton, Bermuda-based company said it had a loss of 7 cents per share. Losses, adjusted for non-recurring gains, came to 8 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The oil and gas shipping company posted revenue of $182.3 million in the period. Its adjusted revenue was $94.6 million.