Teekay Tankers Ltd. (NYSE:TNK) posted second-quarter earnings-per-share that missed analyst expectations, as revenue narrowly beat the Street.
The international crude transport company said second-quarter profit fell to $2.1 million or 5 cents a share, compared with year-ago earnings of $17.2 million or 64 cents a share. Adjusted earnings slipped to 18 cents a share, down from 38 cents a share, one year ago.
The company posted voyage revenues of $31.9 million, compared with year-ago revenue of $37.6 million.
The results were mixed, as the Street had projected earnings of 20 cents a share on revenue of $29.64 million, according to analysts surveyed by Thomson Reuters.
Shares of Teekay fell 67 cents or 4.89% on Tuesday during market hours, closing at $13.03. The stock was inactive in after-hours trading.