Brief: Teekay Tankers Reports Q2 Adjusted Earnings Per Share Of $2.39

Teekay Tankers

13/08/2020 07:06

Aug 13 (Reuters) - Teekay Tankers Ltd  TNK.N :
    * . REPORTS SECOND QUARTER 2020 RESULTS
    * Q2 ADJUSTED EARNINGS PER SHARE $2.39 EXCLUDING ITEMS
    * Q2 GAAP EARNINGS PER SHARE $2.91
    * Q2 EARNINGS PER SHARE ESTIMATE $2.56 -- REFINITIV IBES
DATA
    * LONG-TERM OUTLOOK REMAINS VERY DIFFICULT TO FORECAST
    * TEEKAY TANKERS- YET TO SEE MEANINGFUL TANKER SCRAPPING
THIS
YEAR, BUT PERIOD OF LOWER RATES MAY LEAD TO HIGHER LEVELS OF
REMOVALS IN COMING MONTHS
    * QTRLY TOTAL REVENUE $246.5 MILLION
    * EXPECT LOW LEVELS OF TANKER FLEET GROWTH FOR AT LEAST NEXT
TWO
YEARS

Source text for Eikon:  ID:nGNX97WbWj 
Further company coverage:  TNK.N 

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