Teekay Tankers: 3Q Earnings Snapshot

November 13, 2019 GMT

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TNK at https://www.zacks.com/ap/TNK