Teekay Corp. Slips To Loss In Q2 - Quick Facts

(RTTNews) - Teekay Corporation (TK) reported second-quarter 2014 net loss attributable to stockholders of $43.0 million, or $0.60 per share, compared to net income attributable to stockholders of $11.4 million, or $0.16 per share, for the same period of the prior year.

Quarterly adjusted net loss attributable to stockholders was $20.1 million, or $0.28 per share, compared to adjusted net loss of $33.3 million, or $0.47 per share last year.

Adjusted net loss attributable to stockholders of Teekay excludes a number of specific items that had the net effect of increasing GAAP net loss by $22.9 million, or $0.32 per share, for the three months ended June 30, 2014 and increasing GAAP net income by $44.7 million, or $0.63 per share, for the same period of the prior year.

Net revenues for the second quarter of 2014 increased to $418.8 million, compared to $404.6 million for the same period of the prior year.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.29 per share and revenues of $439.16 million for the second quarter.