Teekay (TK) Misses Q3 EPS by 12c
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Teekay Corporation Reports Fourth Quarter and Annual 2016 Results
February 23, 2017 7:06 AM ESTHAMILTON, BERMUDA -- (Marketwired) -- 02/23/17 -- Highlights
-- Reported consolidated GAAP net loss attributable to shareholders of Teekay of $2.7 million, or $0.03 per share, and consolidated adjusted net loss attributable to shareholders of Teekay(1) of $18.6 million, or $0.22 per share in the fourth quarter of 2016. -- Generated GAAP consolidated income from vessel operations of $83.2 million and $384.3 million, respectively, and consolidated cash flow from vessel operations(1) of $290.5 million and $1.3 billion, respectively, in the fourth quarter and fiscal year 2016. -- Entered into a contract amendment and heads of terms to extend the firm periods for the Banff FPSO and Hummingbird Spirit... More