Teekay Tankers Q4 Profit Rises - Quick Facts

(RTTNews) - Teekay Tankers Ltd. (TNK) posted fourth-quarter net income of $22.3 million or $0.22 per share, compared to $14.1 million or $0.17 per share in the comparable quarter last year.

Adjusted net income attributable to shareholders was $18.6 million or $0.21 per share, compared to adjusted net loss of $2.4 million or $0.03 per share in the previous year period. On average, eight analysts polled by Thomson Reuters expected the company to earn $0.15 per share. Analysts' estimates typically exclude special items.

Total revenues for the latest fourth quarter were $75.93 million, up from $42.16 million in the prior year period, while 6 analysts had a consensus revenue estimate of $67.04 million for the quarter.