23.02.2023 16:05:22

Teekay Tankers Climbs 11% As Quarterly Results Trounce Estimates

(RTTNews) - Shares of Teekay Tankers Ltd. (TNK) are rising more than 11% Thursday morning after reporting better-than-expected fourth-quarter results.

The company reported a profit of $146.43 million or $4.30 per share compared with loss of $39.81 million or $1.17 per share in the same quarter a year ago.

Excluding one-time items, earnings were $147.51 million or $4.33 per share, that beat the average estimate of analysts polled by Thomson-Reuters of $3.33 per share.

Quarterly revenues more than doubled to $367.32 million from $160.31 million. The consensus estimate was for $198.85 million.

"Strong mid-sized tanker spot rates coupled with the company's high operating leverage resulted in Teekay Tankers reporting the highest quarterly adjusted net income in the company's history," the company said.

Looking forward, the company expects the tanker market to remain firm during 2023.

TNK, currently at $41.81 has traded in the range of $11.81- $42.45 in the last 1 year.

Nachrichten zu Teekay Tankers Ltd (A)mehr Nachrichten

Keine Nachrichten verfügbar.

Analysen zu Teekay Tankers Ltd (A)mehr Analysen

Eintrag hinzufügen
Hinweis: Sie möchten dieses Wertpapier günstig handeln? Sparen Sie sich unnötige Gebühren! Bei finanzen.net Brokerage handeln Sie Ihre Wertpapiere für nur 5 Euro Orderprovision* pro Trade? Hier informieren!
Es ist ein Fehler aufgetreten!