Teekay Corp reports Q4 loss


Teekay Corp. (TK) on Thursday reported a fourth-quarter loss of $2.7 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the company said it had a loss of 4 cents. Losses, adjusted for non-recurring gains, came to 22 cents per share.

The oil and gas shipping company posted revenue of $552.2 million in the period. Its adjusted revenue was $511 million.

For the year, the company reported a loss of $123.2 million, or $1.62 per share, swinging to a loss in the period. Revenue was reported as $2.19 billion.

Teekay shares have climbed 35 percent since the beginning of the year. The stock has risen 40 percent in the last 12 months.



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