Teekay's GAAP Loss Narrows In Q4 - Quick Facts

(RTTNews) - Teekay Corp. (TK) posted a narrower fourth-quarter 2013 GAAP net loss attributable to stockholders of $70.9 million, or $1.00 per share, versus last year's loss of $93.7 million, or $1.35 per share.

Excluding specific items that increased GAAP net loss by $72.0 million, or $1.02 per share, adjusted net income attributable to Teekay stockholders totaled $1.1 million, or $0.02 per share, for the recent quarter. On average, 10 analysts polled by Thomson Reuters expected loss per share of $0.12 for the quarter. Analysts' estimates typically exclude one-time items.

On the other hand, quarterly revenues of $493.55 million, were lower than the previous year's $523.24 million. Analysts estimated revenues of $455.98 million for the quarter.