Teekay Tankers Q2 Adjusted Earnings, Revenue Rise

MT Newswires Live

07/30

Teekay Tankers (TNK) reported Q2 adjusted earnings Wednesday of $5.56 per share, up from $1.41 a year earlier.

Analysts polled by FactSet expected $5.61.

Net revenue for the quarter ended June 30 was $258.3 million, compared with $117 million a year earlier.

Analysts expected $299 million.

The company declared a quarterly cash dividend of $0.25 per share, payable Aug. 21 to shareholders of record Aug. 10.

Shares of the company were down 2% in Thursday premarket activity.

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