Teekay Q3 Adj $0.23 Down From $0.27 YoY, Sales $272.62M Down From $311.68M YoY.
Portfolio Pulse from Benzinga Newsdesk
Teekay (NYSE:TK) reported a decrease in Q3 earnings and sales compared to the same period last year. Earnings per share fell from $0.27 to $0.23, and sales dropped from $311.68 million to $272.62 million.
October 30, 2024 | 8:35 pm
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Teekay's Q3 earnings per share decreased by 14.81% and sales decreased by 12.53% year-over-year, indicating a decline in financial performance.
The decrease in both earnings per share and sales suggests a weaker financial performance for Teekay, which is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100