Earnings Volatility Drives Teekay and These Stocks in a New Direction
Teekay Corporation (NYSE:TK) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. Adjusted Earnings Per Share decreased to $-0.47 in the quarter versus EPS of $-0.25 in the year-earlier quarter. Revenue Decreased 10.63% to $430.7 million from the year-earlier quarter.
Teekay Corporation reported adjusted EPS loss of $0.47 per share. By that measure, the company missed the mean analyst estimate of $-0.26. It beat the average revenue estimate of $418.34 million.