Teekay Q2 EPS $0.36 Down From $0.45 YoY, Sales $326.14M Down From $395.40M YoY
Portfolio Pulse from Benzinga Newsdesk
Teekay (NYSE:TK) reported a 20% decrease in Q2 EPS to $0.36 and a 17.52% decrease in sales to $326.14 million compared to the same period last year.
August 01, 2024 | 5:34 am
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NEGATIVE IMPACT
Teekay reported a significant decline in both earnings per share (EPS) and sales for Q2. EPS fell by 20% to $0.36, and sales decreased by 17.52% to $326.14 million compared to the same period last year.
The significant year-over-year decline in both EPS and sales is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100