Teekay Q1 EPS $0.44 Down From $0.52 YoY, Sales $365.05M Down From $418.70M YoY
Portfolio Pulse from Benzinga Newsdesk
Teekay reported a decrease in Q1 earnings to $0.44 per share from $0.52 YoY and a sales decline to $365.05M from $418.70M YoY.
May 09, 2024 | 5:47 am
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NEGATIVE IMPACT
Teekay's Q1 earnings and sales have both decreased compared to last year, indicating a potential negative impact on its stock price.
The reported decrease in both earnings per share and sales revenue year-over-year is typically viewed negatively by investors, potentially leading to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100