Teekay Tankers Q1 2024 Adj EPS $3.86 Beats $3.73 Estimate, Sales $338.343M Beat $221.550M Estimate
Portfolio Pulse from Benzinga Newsdesk
Teekay Tankers (NYSE:TNK) reported Q1 2024 adjusted EPS of $3.86, surpassing the $3.73 estimate, with sales of $338.343M exceeding the $221.550M forecast. Despite beating estimates, both earnings and sales saw a decrease from the previous year.
May 09, 2024 | 5:50 am
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Teekay Tankers reported higher-than-expected Q1 2024 earnings and sales, with EPS at $3.86 against a $3.73 estimate and sales of $338.343M vs. $221.550M expected.
The positive earnings and sales beat indicate strong performance and operational efficiency, likely leading to increased investor confidence and potential short-term stock price appreciation.
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