Teekay (TK) has released an update.
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Teekay Corporation reported a GAAP net income of $20.1 million for the third quarter of 2024, alongside strategic moves including the sale of its Australian operations for $65 million and a robust share repurchase program. The company has also increased its stake in Teekay Tankers and announced a special cash dividend, reflecting strong financial performance and shareholder value enhancement strategies.
For further insights into TK stock, check out TipRanks’ Stock Analysis page.