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Teekay Tankers: 1Q Earnings Snapshot

HAMILTON, Bermuda (AP) _ Teekay Tankers Ltd. (TNK) on Thursday reported first-quarter net income of $12.4 million, after reporting a loss in the same period a year earlier.

The Hamilton, Bermuda-based company said it had net income of 5 cents per share.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 5 cents per share.

The oil and gas shipping company posted revenue of $232.5 million in the period. Its adjusted revenue was $135.2 million.

The company's shares closed at $1.35. A year ago, they were trading at $1.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TNK at https://www.zacks.com/ap/TNK