Earnings Volatility Drives Teekay and These Stocks in a New Direction

Teekay Corporation (NYSE:TK) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. Adjusted Earnings Per Share decreased to $-0.47 in the quarter versus EPS of $-0.25 in the year-earlier quarter. Revenue Decreased 10.63% to $430.7 million from the year-earlier quarter.

Teekay Corporation reported adjusted EPS loss of $0.47 per share. By that measure, the company missed the mean analyst estimate of $-0.26. It beat the average revenue estimate of $418.34 million.

TK-2013819

Canadian Natural Resources Limited (NYSE:CNQ) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. Adjusted Earnings Per Share decreased 23.64% to $0.42 in the quarter versus EPS of $0.55 in the year-earlier quarter. Revenue Decreased 8.14% to $3.78 billion from the year-earlier quarter.

Canadian Natural Resources Limited reported adjusted EPS income of $0.42 per share. By that measure, the company missed the mean analyst estimate of $0.44. It beat the average revenue estimate of $3.59 billion.

CNQ-2013819

Global Partners LP (NYSE:GLP) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. Adjusted Earnings Per Share decreased 56.06% to $0.29 in the quarter versus EPS of $0.66 in the year-earlier quarter. Revenue Rose 21.85% to $4.77 billion from the year-earlier quarter.

Global Partners LP reported adjusted EPS income of $0.29 per share. By that measure, the company missed the mean analyst estimate of $0.76. It missed the average revenue estimate of $5.43 billion.

GLP-2013819

Penn West Energy Trust (NYSE:PWE) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. Adjusted Earnings Per Share decreased to $-0.08 in the quarter versus EPS of $0.41 in the year-earlier quarter. Revenue Decreased 33.4% to $745 million from the year-earlier quarter.

Penn West Energy Trust reported adjusted EPS loss of $0.08 per share. By that measure, the company missed the mean analyst estimate of $-0.04. It beat the average revenue estimate of $722.86 million.

PWE

Delek US Holdings Inc. (NYSE:DK) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. Adjusted Earnings Per Share decreased 33.33% to $0.78 in the quarter versus EPS of $1.17 in the year-earlier quarter. Revenue Rose 5.29% to $2.25 billion from the year-earlier quarter.

Delek US Holdings Inc. reported adjusted EPS income of $0.78 per share. By that measure, the company missed the mean analyst estimate of $0.79. It beat the average revenue estimate of $1.99 billion.

DK-2013819

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