Teekay Tankers Q2 2024 Adj. EPS $3.11 Beats $3.04 Estimate, Sales $296.590M Beat $209.579M Estimate
Portfolio Pulse from Benzinga Newsdesk
Teekay Tankers (NYSE:TNK) reported Q2 2024 adjusted EPS of $3.11, beating the $3.04 estimate. Sales were $296.590M, surpassing the $209.579M estimate. However, both EPS and sales decreased compared to the same period last year.
August 01, 2024 | 5:36 am
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Teekay Tankers (NYSE:TNK) reported Q2 2024 adjusted EPS of $3.11, beating the $3.04 estimate. Sales were $296.590M, surpassing the $209.579M estimate. However, both EPS and sales decreased compared to the same period last year.
Teekay Tankers' Q2 2024 earnings and sales both beat analyst estimates, which is positive news. However, the year-over-year decline in both EPS and sales may temper investor enthusiasm. Overall, the short-term impact is likely positive due to the earnings and sales beats.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100