Teekay (TK) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Teekay Corporation reported a decrease in net income for the third quarter of 2024, with revenues dropping to $272.6 million compared to $311.7 million in the same period last year. Despite reduced voyage and operating expenses, the overall net income attributable to shareholders fell, reflecting challenges in the shipping market. Investors may find the decline in quarterly profits a point of concern, although the company still achieved a net income of $20.1 million.
For further insights into TK stock, check out TipRanks’ Stock Analysis page.