Teekay Corp. (TK) reported a net loss attributable to stockholders of the company of $6.1 million or $0.09 per share for the first quarter, compared to net income attributable to stockholders of the company of $1.1 million or $0.02 per share for the year-ago quarter.
Excluding items, adjusted net loss attributable to stockholders of Teekay was $11.7 million or $0.17 per share for the first quarter, compared to an adjusted net loss attributable to stockholders of Teekay of $20.8 million or $0.30 per share in the prior year quarter.
Revenue for the first quarter decreased to $451.04 million from $501.11 million last year. Adjusted revenues for the first quarter fell to $424.7 million from $462.5 million a year ago.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.18 per share on revenue of $427.71 million for the first quarter. Analysts' estimates typically exclude special items.
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