Shares of Teekay Tankers TNK moved higher by 4% in pre-market trading after the company reported Q2 results.
Earnings per share rose 4880.00% year over year to $2.39, which missed the estimate of $2.56.
Revenue of $184,934,000 rose by 68.72% year over year, which missed the estimate of $250,470,000.
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
Conference Call Details
Date: Aug 13, 2020
Time: 12:00 PM
Recent Stock Performance
Company's 52-week high was at $26.92
52-week low: $0.96
Price action over last quarter: down 1.88%
Teekay Tankers Ltd is a provider of marine services to the global oil and natural gas industries and an operator of medium-sized oil tankers. Its business is to own oil tankers and it employs a chartering strategy that seeks to capture upside opportunities in the tanker spot market while using fixed-rate time charters to reduce downside risks. The company has two segments tanker and ship-to-ship transfer. Its tanker segment consists of the operation of all of its tankers and generates the majority of the company's revenue.
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