Teekay Corporation (Teekay or the Company) yesterday reported adjusted net income(1) of $10.9 million, or $0.15 per share, for the quarter ended March 31, 2009.
Teekay Corporation (Teekay or the Company) yesterday reported adjusted net income(1) of $10.9 million, or $0.15 per share, for the quarter ended March 31, 2009, compared to adjusted net income of $60.7 million, or $0.83 per share, for the same period of the prior year.
Adjusted net income excludes a number of specific items which had the net effect of increasing net income by $70.6 million (or $0.97 per share) for the three months ended March 31, 2009 and decreasing net income by $165.9 million (or $2.28 per share) for the three months ended March 31, 2008.
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